Quote:
Originally Posted by ChinoCoug
On top of that, Archaea's always been crying about financial regulation. Then he comes across this article about the destructiveness of deregulation and says, "Oh yeah, that's what I was thinking."
But anyway, an oligarchy is by definition ruling. Ties or beholden, whatever it is, the fact is, they've been influencing policy on the ground. That's why Clinton has always maintained keeping good relations with Wall Street is important. That's why Paulson fought against limiting CEO pay in the bailout.
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Of course they influence policy. So does the Pentagon. So does the AARP. That does not make the administration beholden to them. Ironic that much of the policies we are discussing (TARP, avoiding limitations on CEO pay, etc.) were under Bush and not Obama. Compare the criticisms on the economic front by Waters, et al, against Bush and Obama. Amusing.