How's it hangin', Jane? That was the Breitbart blogs that used the "Lick Wall Street's Boots" nonsense you plagiarized. The "Wall Street Journal" actually included that "Ms. White's former clients include the independent directors of News Corp NWSA +0.50%., who hired her in 2011 during the company's U.K. phone-hacking scandal. News Corp. owns Dow Jones & Co., publisher of The Wall Street Journal."The party line is that Obama’s new pick for SEC boss – Mary Jo White – will be tough on Wall Street.
For example, the Wall Street Journal writes:
Obama Taps Ex-Prosecutor Mary Jo White, Portending Increased Policing of Wall Street
In reality, this is putting the fox in charge of the henhouse.
White used to represent Morgan Stanley, and blocked an insider investigation into Morgan Stanley boss John Mack.
The truth is that all of Obama’s appointments have been in bed with the big banks … and none of them have “gotten tough” on Wall Street once they were appointed:
Before Obama was sworn in for his first term, he nominated Geithner and Summers to the top economic posts … two of the guys most responsible for causing the economic crisis in the first place
He appointed as head of the derivatives-regulating CFTC Gary Gensler … one of the guys most responsible for allowing derivatives to go unregulated and to crash the economy
Obama replaced Summers with Wall Street insider Gene Sperling, and appointed JP Morgan exec William Daley as his chief of staff
Obama replaced Geithner with his chief of staff … consummate Wall Street insider Jack Lew
He named as the head of the Department of Justice a former lawyer for the big banks, who brought in other lawyers for big banks to oversee Wall Street
In other words, Obama – like Bush – has let Wall Street get away with crime because he has appointed government officials who are in bed with Wall Street.
Obama’s New Appointments Prove that He Will Continue to “Lick Wall Street’s Boots”
Puts Fox In Charge of the Henhouse … Again
No joke like an old joke like an illiterate fool of a Tea Bagger...