He essentially says that it’s Robert Rubin’s friends and disciples who are running the White House bailout effort, largely for the benefit of ……wait for it……wait for it……wait for it……wait for it…… Robert Rubin’s friends and disciples!

He connects the dots and concludes, accurately IMNSHO, that the goal of the Obama and His Evil Minions^™ is to implement a “permanent bailout mechanism” for the biggest 20 or so financial institutions in the United States, which will mean that they will have more access to cheaper capital than any competitors, which will allow them to accumulate more money and power, allowing to exert further influence over government……Rinse……Lather……Repeat.

H/t zero hedge.