Courtesy of Pam Martens.
Bernie Sanders Challenges Hillary Clinton on Her Acceptance of Campaign Funds from Wall Street During the Second Democratic Debate
Wall Street On Parade’s strong preference for a President Bernie Sanders over a President Hillary Clinton is based on a well-formed belief that the United States will experience another financial crisis on Wall Street within the next few years. That crisis will, in hindsight, be viewed as the direct failure of President Obama to enact meaningful financial reform legislation after the 2008 crash, when he had the will of the people behind him, rather than pandering to his overlords on Wall Street who financed his campaign.
Nothing more clearly demonstrates who has been calling the shots in the Obama administration than the President’s nominees to oversee Wall Street at the U.S. Justice Department, U.S. Treasury Department, Securities and Exchange Commission, and his outrageous refusal for more than five years to even follow his own Dodd-Frank financial reform law and appoint a Vice Chairman for Supervision at the Federal Reserve.
In the early days of his first term, Obama nominated Eric Holder to serve as U.S. Attorney General at the Justice Department and Lanny Breuer to head its Criminal Division. Both Holder and Breuer came from the law firm, Covington & Burling, which had deep ties to Wall Street. Both Holder and Breuer returned to their high-paying jobs as partners at Covington & Burling after failing to prosecute as much as one Wall Street executive of the mega banks that caused the crash. In a January 22, 2013 Frontline expose at PBS, producer Martin Smith revealed the following:
Martin Smith: We spoke to a couple of sources from within the Criminal Division, and they reported that when it came to Wall Street, there were no investigations going on. There were no subpoenas, no document reviews, no wiretaps.
Lanny Breuer: Well, I don’t know who you spoke with because we have looked hard at the very types of matters that you’re talking about.
…
