It’s Game on with Wall Street Reform

Goldman Sachs is being sued by the SEC for fraud.

How Goldman did it.

President Obama says he will veto Wall Street reform bill that does not regulate derivatives.

Republicans to the banks bidding and say hell no to reform.

President Obama asks for supporting financial reform.

The turning point of Obama’s presidency was probably HCR and it seems to have emboldened him on another major portion of his agenda, Wall Street reform. This is going to be a heavy lift for the opposition this time because even a majority of the Republican base wants Wall Street reform. In a classic Obama basketball look offesque move Obama has changed the game and is willing to let go of the big bank bailout fund (the fact is it was banks paying for their own bailouts this time despite how Republicans lie) and drawn the line in the sand on derivative regulations. Now when the Republicans do not cooperate and they will not, they will be firmly on the wrong side of public opinion and their true motives will be revealed.

In other news on this glorious day.

Five former Blackwater employees including a former Blackwater president were indicted on weapons charges and making false statements.

Republicans blast President Obama’s appellate court nominee Goodwin Liu for being too liberal.