As a follow up to my post please read this for it put much more eloquently with much more context and research. Taibbi is the best thing to happen to American journalism recently along with Seymour.
Quick P.S.: I would like to thank Taibbi personally for writing this story as I have felt for a very long time (or at least about two years) that Obama's biggest failure was not getting a few (or many, many more) people put in jail for a long while.