Oh, I don't know, maybe government overreach and the Fourth Amendment?
These revelations really start to back up Snowden's
"architecture of repression" comment (albeit probably on a global scale, by ruling elites, rather than just domestically).
It is hard to tell how much Obama has, willingly or unwillingly, been assimilated into The Borg (ruling elite collective), but our only hope is that like Picard, he still has some vestigial memory that he was actually a constitutional law professor previously and that he, unlike said David Rockefeller, was not born into the richest family in world with presumption of right to rule as he wishes.
He isn't from a pre-existing aristocratic family with lots of political influence and his father wasn't former CIA director / vice president / second generation aristocratic wealth, so unless there is a groundswell of outrage at grass roots level, one that politicians can't ignore, it is honestly hard to see how much influence he has, alone, to change the trajectory laid out by the utterly corrupt, utterly incompetent, and IMO possibly criminal Bush Cheney administration that he is cleaning up after (Chinese are a kleptocracy, praised as great crony capitalists, but at least they are competent at what they do):
"Favoured private equity and insiders who swap US dollars for equity in the banking system will presumably be aware of the survivor bias being engineered on their behalf. Sovereign wealth funds, investment funds and private equity investors ripped off in the first round of recapitalisation may be willing to come back in once it is clear to them that the next round will benefit from official favouritism. Warren Buffett’s timely stake in Goldman Sachs is clearly linked to his confidence the Paulson Plan will benefit them disproportionately.
A factor which is probably critical but has received little discussion is that literally thousands of Bush administration apparatchiks will need jobs come January, and a fair selection of GOP House and Senate legislators and their aides too. What better way to enahance their CVs in their final months in power than to distribute $700 billion or so in pre-Christmas largesse to the most remunerative employers in the world? And what better way to ensure the corporate largesse is returned to the GOP to win back the White House and Congress in 2012 as the recession fuels public anger?
And then there is a huge arbitrage opportunity as well so that everyone makes money for years to come. According to the conference call, the pricing on offer from the Treasury will be a bit below Level 3 pricing.
The toxic assets will be repackaged and resold with a new AAA wrapper, possibly priced well below what the Treasury paid, assuring a huge profit on both immediate liquidation by the banks and ultimate maturity by investors.
The Fed gets its cash and Treasuries back; the banks make huge profits;
the foreigners and off-shore tax avoiders get disguised ownership of the American financial system;
the taxpayer gets ripped off.
What’s not to love?"
http://londonbanker.blogspot.com/2008/10/financial-eugenics-paulson-plan-for.html
Nixon: http://www.cnn.com/2013/07/31/opinion/avlon-nixon/ (9 PM tonight on CNN)