First, Matt Taibbi, in Rolling Stone, lacerates the big bank bailout game:
The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come
Next, Robert Reich, in opednews, points out that not just Elizabeth Warren, “scourge of Wall Street,” now sits on the Senate Banking Committee, but also congressmen, former wall street titans, and even one Federal governor and the Texas Federal Reserve, are all saying the same thing.
TARP is Over, But the Bailouts Will Continue Until the Big Banks are Broken Up — And Washington Knows It
“The oven is ready. All we need is another multi-billion dollar banking loss — like JP Morgan Chase’s last year — and the biggest banks are cooked.”