The End of Dodd-Frank Part 4: Financing a Democratic Future

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The man pictured above nervously staring down the truth that Karl Marx wrote more than 121 years ago is Lloyd Blankfein. Mr. Blankfein is the Chairman and CEO (a duality typical of modern finance) of Goldman Sachs. Despite his grim look in this picture, Mr. Blankfein has a sunny disposition nowadays despite having had “600 hours of chemo” to eradicate the cancer growing out of his lymph nodes. Supposedly he’s been cured, which I’m sure was a big relief to Democratic presidential nominee Hillary Clinton. Clinton is close to Blankfein, and to Goldman Sachs in general. While mainstream media likes to frame Gary Gensler as a “Wall Street cop,” the campaign of Bernie Sanders responded to his hiring as Chief Financial Officer of Clinton’s campaign by saying that they “won’t be taking advice on how to regulate Wall Street from a former Goldman Sachs partner [at the age of 30] and a former Treasury Department official who helped Wall Street rig the system.”

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