Good find dukes. Painful to read but....

Townsend is a shill for the biggest bunch of liars and thieves in history. I am totally convinced that with all that is going on, there will be an faux outcry against wall street. The public "crisis" that is just now being discovered by the "..I'm shocked, SHOCKED.." crowd who will never let a crisis go to waste. What really shocks me is that the left has not yet found the way to blame the right for the financial thievery going on. And now the thieves are turning against each other. From Monday's Midas:

Who The Hell Is Bill Clinton Kidding?

"Clinton Says He Had Bad Advice on Derivatives" - Bloomberg reports that Bill Clinton is placing blame for the derivatives fraud squarely on the shoulders of Robert Rubin and Larry Summers:

"Former President Bill Clinton said he should have pushed for regulation of financial derivatives when he was president, rejecting the advice of top economic advisers Robert Rubin and Larry Summers."

Here's the link: BILL CLINTON PROUDLY PASSES THE BUCK.

Before we forget history, let's recall the President Bill Clinton signed into the law the legislation that removed Glass-Steagall. This was THE ACT of Government that fostered and allowed the banking system to completely spin out of control with fraud, corruption and grand theft of this country's wealth by a handful of bankers and the politicians they purchased, INCULDING BILL CLINTON.

The collapse of the banking system in September 2008 rests squarely on Clinton's signature in 1999 and his policies with regard to financial regulation. To be sure, the Bush Administration further enabled the financial devastation created by the Clinton Administration. And the Obama Administration has pressed the accelerator thru the floorboard.

Currently the Obama Cabinet/Administration has several of the people who worked for Bill Clinton. This includes Larry Summers - Obama's chief economic policy guru; Tim Geithner - serial tax dodger; SEC Chief Mary Shapiro - who was head of the CFTC under Clinton and directly responsible for derailing derivatives legislation; and several of Robert Rubin's "mini-me's" who sit in "counsel" positions inside the Oval Office and under Tim Geithner.

If Clinton is willing to throw his own people under the bus - and many of those people are now Obama's people, what does that say about the policies and character of our current White House?