I’m sorry the tears Wall Street is crying are crocodile tears. This is just the most recent Kabuki dance routine, cooked up by Obama/Benny and Timmy to take us down the road to Stalinism/ Wall Street State Corporatism. Okay, so some guys on Wall Street will pay some more taxes. This is small potatoes to what is happening .

Let’s look at what the recent “Wall Street Reform and Consumer Protection Act” (Dodd/Frank FinReg) did not do:

• Control the insane level of exposure of our financial system due to derivatives by the TBTF banks
• Return the reserve ratios of the TBTF banks to sane levels
• Put any restrictions or wall between the selling of securities and banking by same TBTF banks
• Stop the manipulation and front-running of markets through program trading
• Give any hope that our financial system will return to sound banking principles that would return us to reasonable banking and lending.

But what did it do?

According to http://dailycapitalist.com/downloads/doddfrank.pdf, it :
“gives the government a relatively free hand to set prices and wages, to make business decisions, to promote and eliminate businesses and to break up businesses, It establishes a large new bureaucracy to enable to dictate its wishes to industry.”
A long read, but a must read.

In short, this is the big enchilada, Buraq and company have been dreaming of: Controlling Capitalism.

Yes, Wall Street has been conned, but they as part of the Ruling Elite they always thought they would be in on the con. Only time will tell who among the Ruling Elite will end up on top. All totalitarian regimes have bloody internal battles among the top dogs for real control at some point.
Islam did. The Soviet Union did. Why not our new overlords?