Quote:
Originally Posted by Cali Coug
"Ties" does not equal "beholden." I find it very amusing that just a month ago, people like Arch were saying that Wall Street clearly hated Obama and his policies because "look at the Dow!" Now the story is that Wall Street is Obama's puppeteer. The truth is much more in the middle of those two extremes.
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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.