October 20, 2011

TIGERHAWK: Occupy this: President Obama’s Wall Street fundraising.

At this point, Wall Streeters really do not like Barack Obama. It has been a long time since I have met one who still actually supports him. But the extent of the pain of Dodd-Frank depends on regulations that have yet to be written by executive branch agencies that report to the White House. The big financial firms know that their future profitability requires that President Obama influence those regulations, and he is exploiting that for all it is worth.

This, loyal readers, is “regulatory capture” in action.

Not that anybody from the “Occupy” movement or the New York Times will look at it that way.

Nope. Send ’em a copy of Iain Murray’s book.

Comments are closed.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.