Matt Taibbi explains the Financial sector's hold on Democrats

I personally think the reason Rick Sanchez got cut from CNN was that he rubbed some of the MSM top honchos the wrong way during his time at the anchor desk.  Populism is fine for the plutocrats when it works to their advantage, as in the case of the ignorant and deranged Tea Party advocates.  However, when discussions of the collusion between those at the top of the economic pyramid (i.e. the banks) and government officials begin, which leads to the magnification of the nexus of institutional corruption, the grand-poobahs get antsy. 

Consider the above video with Sanchez and Rolling Stone magazine contributor and author Matt Taibbi, where the discussion veers into understanding the basis of the 2009 financial sector bailout pursued by the Obama administration. In it, Sanchez makes the connection that Washington DC is effectively corporate controlled territory. He notes that Goldman Sachs and other bankers wield inordinate levels of power over the legislative and executive branches and control the system through campaign contributions to both parties and the installation of their people into key government portfolios. There was no requirement for Obama to bring people like Larry Summers, who had been an architect of the deregulatory fiasco of the 1990's that lead to this current economic malaise, into the fold.  There was no requirement to appoint Tim Geithner as Secretary of the Treasury or to re-appoint Ben Bernanke, other than it appeased the poobahs on Wall Street.

For all the talk of change, the Obama administration made sure that corporate America knew that the new sheriff in town was going to be the same as the old one.  They let it be known that "Greed was still good," and regardless of how the economy reacted, all the merry sociopaths, looking down at us little people from the glass towers in the Financial District, would still get all their bonuses that would allow them to feed their insatiable want for coke, hookers, and good times.

All this nonsensical talk that Obama is somehow a socialist is the musings of truly stupid people.  The facts are plain to see that this administration is not terribly different than any of its Republican or Democratic predecessors.  The facts are also clear that it is the greedheads at the top of the financial food chain who have been the winners for the past 30 years.  When the next economic calamity arises in the near future, we'll see who gets saved again and who the ignorant masses will blame for it.