Tuesday, December 28, 2010
Today I Watched French TV In Which A Black Man Who Is The Head Of One Of America's Largest Banks Defend His Relationship With The President Of The United States Who Is Black
(This is the French broadcast of France 24 - viewable on your computer.)
Today I listened to a Black man - Richard Parsons -Chairman of the Board of Citigroup - the bank holding company of CitiBank.
The English speaking host of France24 questioned Mr Parsons regarding his comfortable relationship with the Obama Administration, having served as an economic policy advisor on Obama's transition team.
The interview noted that at a time where there is mass unemployment in America, Wall Street has returned to giving large end of year bonuses and having company Christmas parties. He asked if his (Parson's) involvement with the government forces that are charged with regulating his actions amounts to collusion against the interests of the people?
Parsons adeptly answered that his company is in the business of making loans in an effort to expand the economic activity in this country and to make an honest profit in the process. It is against their interests to look toward the government for financial subsidy. These funds are evidence of some problems with the business and regulations accompany the assistance. His interests is in mitigating and managing the risk that they are exposed to.
At a time when there is mass diversion upon the CCC of the 1960's and those who wish to "turn back the clock" - lost upon too many individuals seeking to leverage these type of indictments for their own purposes is the fact that a powerful Black CEO and banking titan has conferred with a Black president - assisting him in getting his administration up to speed.
It is also true that some of the people who are prone to tout both of these "advancements" are not so "advanced" that they are willing to include these two individuals as a specific claim that their collusion is proof that we are living in a "corporatocracy", thus having voiced their opposition to this relationship back when they were drunk with "hope" that "change" would have their condition far different than our present collective circumstances. The photograph of these two powerful Black men together yet receiving criticism would have more likely drawn a defensive disposition.