Why else would Obama and Biden bother to meet Yellen? I mean, really. All politics aside, the only outcome for ‘Wall Street reform’, that needs to be talked about with the clubbed sandwich eating Yellen, is for onerous tidings to sweep across the industry. A redistribution is in order, sacking the capricious pay packages of our elite, tossed into the everlasting infernos of the government’s barrels filled with refuse.
“In the afternoon, the president will meet with Federal Reserve Chair Janet Yellen to discuss the state of the American and global economy, Wall Street reform, and the long-term economic outlook; the vice president will also attend,” the statement said.
I wonder what Yellen will order at this heinous event? Perhaps a meated loaf on rye? Or maybe she’ll go with the egg’d salad, hold the vinegar, because her doctor told her it aggravates her flatulance.
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Expedited Fed meeting tomorrow…and a meeting with the Prez and Veep Bob Ueuker (isn’t it strange those tow were never photographed together?)
Play – Guess whether veep or baseball “legend” – http://ia.media-imdb.com/images/M/MV5BMTM2OTgzMzI1NF5BMl5BanBnXkFtZTcwNTkyMzAyOA@@._V1_UY317_CR4,0,214,317_AL_.jpg
Yellen goes mega protein, don’t you know. When inflation is roaring like the year 2079…gots to stock up.
Definitely not ryed bread.
It has seeds and she probably has colitis.
Indued. Gluten is a bitch.
Caddy – diverticulitis. Those seeds get trapped and fester in the inactive-elderly types.
Maybe she has a family recipe she wants to pass along to Mrs Obama as a going away present?
I’m guessing it’s going to be a beef on weck, extra pickles. Iced cream sandwich for desert.
Obama has not done anything that seriously regulated or Wall Street or that made life less than easy street for Wall Street, during his first 7 years in office. There is no reason why he would start now.
“Obama did not want to bring back the vital protections of the Glass-Stegall Act.
“Further, the Obama administration has not taken any fundamental action to end the corrupt culture of Wall Street. It has not prosecuted. It has not forced the systemically dangerous institutions that pose global systemic risks to shrink to the point that they no longer pose a global systemic risk. It has not fundamentally changed executive and professional compensation even though they are intensely criminogenic. Obama has appointed a series of weak regulatory leaders. Yes, Dodd-Frank allowed Obama and his regulators to take more effective actions. But Obama and those he appointed have lacked the will to even try to make fundamental changes and restore the rule of law to Wall Street. Wall Street remains rigged and its central business strategy remains fraud and ripping off its customers.”
http://neweconomicperspectives.org/2016/04/myth-obamas-taking-huge-contributions-wall-street-fine.html
Ever wonder, when presented with evidence like this, whether the crazy people are right and the banksters control us via the New World Order, Bilderberg and the Illuminati? Maybe Yellin will read them the riot act tomorrow, since the Fed is part of the Global Rothschild Banking Conspiracy.
The Fed is an association of bankers. Why would a banker organization read the bankers the riot act?
I don’t know anything about any New World Order, Bilderberg or Illuminati. They might be all just conspiracy theories. Big bankers do have a huge amount of control over our politics.
But it could be the same old boring story as for other huge corporations. We have a “free market” in Congress members, who are bought on this “free market.” That is, they are sold to the highest bidder.
In other news, the Yen is trading up again.
Maybe they are meeting to discuss why Obama still hasn’t nominated anyone for the FED’s Vice Chair for Bank Supervision. Heck, if he had nomianted one after Dodd-Frank was passed, the 4-year term woudl have expired by now.
On the other hand, it’s not as if wall street bank regulations are seen as important by the general public. If it was, then we would see signs, such as a candidate in Obama’s party running to replace him based almost primarily on that issue.
I’m thinking the theme coming out of the meeting will be “Income Inequality”, but without any game plan, just plenty of blame placed at Congress and straw-men.
Congress deserves the blame they get. If they could all stop acting like 4 year olds something might actually get done.
Obama is just working on his bucket list before he leaves office.
just a confirm of the “won’t tarnish your exit” with a sly grin for tapping out his successor