BTW, btw, O’s proposed new regulatory opera will in addition to Fed empowerment also, via creating a new unitary regulating authority uber alles, “close the gap between the CFTC (Commodity Futures Trading commission) and the SEC (Securities and Exchange Commission)”.

His people running those two entities, Gary Gensler and Mary Shapiro, happen to be, respectively, the designer of the weapon of mass destruction in this current crisis, the Credit Default Swap (in yr 2000 as deputy sec of treasury) and until O gave her the SEC, the head of FINRA (Financial Industry Regulatory Authority) under the William Donaldson SEC (featuring Chris Cox ‘fronting’), and the regulator who um, “missed” Madoff and Stanford, not to mention Bear Sterns, LEH, Indymac, Wachovia, WaMu, Countrywide, GMAC, etcetera, the whole shebang of unregistered (hey thanks ‘Privacy Act Gary”!) CDOs, including those that self-destructed AIG (tho not the bonuses of the apparats) via Gensler’s CDSs.

–after which of course the gov’t took over AIG, keystone of the global insurance industry. and all that other stuff. GMAC to GM. Et cera, ad infinitum, nauseum.

(I wish instead of words i could reproduce the mental pic of these glowing three dimensional vectors, the lines that chess-playing develops that let one ‘see’ a chessboard –the stuff above are just the interstate hiways. ‘Search’ takes ya onto the farm-to-market roads, which then make ya wanna learn Mandarin so you can move to the real America, China that is, and start your business all over again.)