Saturday February 11th 2012         |       40 years of foresight, insight and integrity

Naked Capitalism: Misnamed Financial Services “Reform” Bill Passes, Systemic Risk is Alive and Well

I want the word “reform” back. Between health care “reform” and financial services “reform,” Obama, his operatives, and media cheerleaders are trying to depict both initiatives as being far more salutary and far-reaching than they are. This abuse of language is yet another case of the Obama Adminsitration using branding to cover up substantive shortcomings. In the short run it might fool quite a few people, just as BP’s efforts to position itself as an environmentally responsible company did. Read more…

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