11/20/10: Greed Runs the Clock
Posted by: BLOWBACK
The BLOWBACK of “Greed” is that the entire system is imploding because politicians beholden to moneyed interests appear incapable of addressing any issue, be it global warming, the destruction of the Chesapeake Bay, controlling deep-water drilling, financial reform, universal health care coverage, and to do so they obfuscate and confuse, distract and divide, so that nothing will change, and the result will be more calamity.
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
There's no reason There's no reason
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
We're running out of time
We're running out of time
We're running out of time
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
There's no reason There's no reason
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
We're running out of time
We're running out of time
We're running out of time
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
In a Gadda Dada Vida
The sour pain grows
1600 Pennsylvania
Wall Street Laughs
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
There's no reason There's no reason
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
We're running out of time
We're running out of time
We're running out of time
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
There's no reason There's no reason
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
We're running out of time
We're running out of time
We're running out of time
Greed runs the clock
Greed runs the clock
Greed runs the clock
So we're running out of time
In a Gadda Dada Vida
The sour pain grows
1600 Pennsylvania
Wall Street Laughs
BLOWBACK wrote:
Former employees of the Securities and Exchange Commission (SEC) routinely help corporations try to influence SEC rule-making, counter the agency’s investigations of suspected wrongdoing, soften the blow of SEC enforcement actions, block shareholder proposals, and win exemptions from federal law.
The revolving door was on display in 2012 when the investment industry opposed one of the top priorities of the SEC chairman, a plan to tighten regulation of money market funds. Former SEC employees lobbied to block the plan, and an SEC Commissioner who previously worked for an investment firm played a pivotal role in derailing it.
to download the full report or to look at other aspects, follow this link: http://www.pogo.org/our-work/reports/2013/dangerous-liaisons/overview.html