In a move that would have seemed both unconscionable and unbelievable less than a year ago, the Obama Administration has announced that it will effectively decide the monetary executive compensation for ALL banks and Wall Street firms and is looking toward regulating it in other industries, also. In other words, after a highly successful campaign of switching the blame for the current global financial crisis to others, Obama’s government (which no longer belongs to We-the-People) will effectively take over banks and Wall Street—whether they have taken “bail-out” funds or not.
