Obama Is Creating “His Own Sense Of A Legal System” Over Oil Spill

Over at CNBC it appears they might be waking up to the call that Rahm Emanuel has stated “… Never let a good crisis go to waste…..”

CNBC’s own Matt Nesto on “Closing Bell” June 16 calls out the Obama Administration on their efforts to operate under the radar behind the smoke screen of the BP Gulf oil spill…….

In part Matt Nesto says……….

“I don’t think they [BP] had a [choice],” Nesto said. “In cutting the dividend or in joining up with that fund? I mean, cutting the dividend – yeah it is smart and prudent to save cash in the face of an unknown liability, but I’m very troubled by the fact, uh, that the President has once again created his own sense of, of a legal system.”

“He fired the CEO of General Motors. He circumvented the rights of bond holders in the GM situation and now he’s confiscated $20 billion from a private company – wait a minute – to set up, quote, ‘a financial and legal framework’ that already exists,” Nesto continued. “It’s not his job to create laws. It’s his job to enforce laws.”

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