Obama's Attoorney General, Eric Holder, thinks that Wall Street bankers are 'Too Big to Jail', and will cause too much disruption of the financial markets if charges are brought against them. So said Lanny Breuer, Holder's assistant, in a recent interview. It means that the Peoples' Savior (Barack Obama) is committed to the policy of holding financiers to a lesser standard of justice than other citizens, and letting bailed-out banks continue to operate in the same risky manner that led to the crisis of 2007.
Obama talks a good game and presents a moral face through the media, but an examination of his actions, and his record, shows that his administration serves the monied interests of Wall Street, to the detriment of the public interest. In other words, he is a phony---as I have always maintained.
Many economists and financial experts agree that our economy will never recover until Wall Street fraud is prosecuted, and Glass-Steagall (or some similar policing law) is restored. But the Obama government has, more or less, made it official policy not to prosecute fraud, and instead to do everything necessary to cover-up for Wall Street.