Obama administration talks up Wall Street reform
July 21st, 2010
In this White House video, President Barack Obama’s administration seeks to sell the recently enacted Dodd-Frank Act to the nation, arguing that it provides “accountability for Wall Street” and “protection for you.” To me however this film — which I found thanks to Paul Murphy, who posted it on the FT Alphaville blogging site — is a classic example of government propaganda.
I tend to agree with one of FT Alphaville’s commenters, “Texan”. He writes: “What a joke. I like how it boils down one of the most complicated economic crisis in a century down to banks making speculative bets on housing. Banks deserve their share of the blame, but so do the politicians and regulators that propagated the “every American is entitled to a house” mentality.”
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Short URL: http://www.ianfraser.org/?p=1437
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