Re:
Posted: Tue Apr 27, 2010 4:47 pm
Actually, I agree with what woodchip said! Obama's no better than Bush here. The only reason I mentioned Bush was because this mess started on his watch and he set the stage for the SEC to favor Wall Street banks and traders. Obama's just continuing it right along with his administrative and cabinet flunky choices.woodchip wrote:Kinda like:tunnelcat wrote:
This SEC porn scandal began in 2007, under Bush, ramped up in 2008 and 2009. You know why they had time to surf porn? They essentially had nothing better to do because they were all insiders for the companies they were supposed to rate!
"The case of Lawrence Summers, director of the National Economic Council and Obama’s top economic adviser, highlights the politically incestuous character of relations between the Obama administration and the American financial elite.
Last year, Summers pocketed $5 million as a managing director of D.E. Shaw, one of the biggest hedge funds in the world, and another $2.7 million for speeches delivered to Wall Street firms that have received government bailout money. This includes $45,000 from Citigroup and $67,500 each from JPMorgan Chase and the now-liquidated Lehman Brothers."
Or:
"Michael Froman, deputy national security adviser for international economic affairs, worked for Citigroup and received more than $7.4 million from the bank from January of 2008 until he entered the Obama administration this year. This included a $2.25 million year-end bonus handed him this past January, within weeks of his joining the Obama administration."
Or:
"Obama’s deputy national security adviser, Thomas E. Donilon, was paid $3.9 million by a Washington law firm whose major clients include Citigroup, Goldman Sachs and the private equity firm Apollo Management."
Or:
"Louis Caldera, director of the White House Military Office, made $227,155 last year from IndyMac Bancorp, the California bank that heavily promoted subprime mortgages. It collapsed last summer and was placed under federal receivership."
Or:
"Neal Wolin, Obama’s selection for deputy counsel to the president for economic policy, is a top executive at the insurance giant Hartford Financial Services, where his salary was $4.5 million."
So it would seem that Obama is so deep in bed with Wall Street that Michelle not divorcing him epitomizes the dutiful wife
