By Yves Smith
It is high time to describe the Obama Administration by its proper name: corrupt. The latest example is its heavy-handed campaign to convert New York state attorney general Eric Schneiderman to a card carrying member of the “be nice to our lords and masters the banksters” club.
[Image: Kathryn S. Wylde, New York Federal Reserve Board Member]
(Also see today’s TRNN interview of Yves Smith, “Should banks be a public utility?“)