If President Obama is so tough on Wall Street, why is Goldman Sachs supporting his financial regulation bill?  The CEO of Goldman Sachs spilled the beans at a Senate hearing, telling them, “The biggest beneficiary of reform is Wall Street itself.”

Financiers know that the bill guarantees them future bailouts.  Obama pretends otherwise by using a nonsense definition of bailouts.  He considers it okay to send billions to pay off a company’s creditors—who typically are big companies and Wall Street firms.  Then he denies that’s a bailout.

So while he pummels them in public, Obama pushes a plan that rewards his Wall Street friends and big donors.  They’ll absorb the rhetoric, because they’re getting paid to do so.  And paid quite well.

Here are the details:  “Obama Plan Blows Secret Kisses to Wall Street.”