This is the plan.....

Screwing us out of our money.

P.s Obama wins.

Bill Black: Wall Street Urges Obama to Commit the Great Betrayal « naked capitalism

Wall Street salivates at the prospect of any privatization of social security. This would lead to them being able to charge tens of billions of dollars in fees annually and the banks that administered the privatized program would be systemically dangerous institutions (SDIs) because the consequences of allowing bank failures to cause tens of millions of Americans to lose their retirement savings would require either that all such deposits be federally insured or that the failing banks be bailed out by the federal government. Privatization, therefore, is a convenient fiction. The banks’ profits will be private; any catastrophic losses will be borne by the public. The SDIs’ already massive political power, often exerted through front groups like Third Way,” will burgeon. This article is the first of a two piece series. It shows how Third Way lobbies for Wall Street and is used to discredit Democratic polices. The other piece discusses some of the key flaws in Third Way’s studies. The Wall Street response (via Third Way) to our warning of the Great Betrayal repeats its central assertion that there is no alternative – the safety net must be cut. The Wall Street Wing of the Democratic Party alleges that if Obama wields the knife he will do less damage to the safety net than would Romney. That, of course, does not respond to our point. Once Obama endorses Wall Street’s false claim that the safety net is unsustainable and a grave danger to our economy he legitimizes future Republican assaults on the safety net. Third Way admits that these assaults would wield a chainsaw. Indeed, if Wall Street (via Third Way) is correct that the safety net is destroying our nation’s ability to make productive investments then Republicans should take a chainsaw to the safety net. Third Way, therefore, has implicitly admitted and even supported our analysis.