There appears to be substantial objection to Obama's caving to the banks coming from organizations like TPM (Marshall: What They Did) and economists like Krugman. People like Michael Hudson have pointed out that the government ought to be taking actions to reduce debt, not expand federal debt to insulate creditors and banks from the consequences of their own folly. Yet there appears to be a timidity among the mainstream media and bloggers in addressing whether Hudson or Obama are right on this score. Now is the time to screw up some courage and address this controvery before the country goes down in flames. Or, is everyone with some money in the stock market now a member of the oligarchy? Here's a couple links to Hudson's claims.

http://www.youtube.com/watch?v=3pwAFohWBL4
http://www.youtube.com/watch?v=ik2uVt5zvNg&feature=related