Saturday, April 24, 2010

Obama and Goldman Sachs

(Obama’s tone was not that of a sword-wielding avenger—he doesn’t do fire and brimstone—but of a stern parent explaining to party-hearty teenagers why their driving privileges are being curtailed.)
Post's Eugene Robinson on Obama's Wall Street speech.

(The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly. Never in U.S. history has one company wielded such destructive power over our political economy, irrespective of whether a Republican or a Democrat happened to be president...)
Robert Scheer,Truthdig

In 2008, the top three contributors to Obama were 1)University of California;2)Goldman Sachs; and 3)Harvard.

But it is GS that has the highest presence in the White House.
Sen. Branch Lincoln (Ark), in a tough reelection fight, wants to prevent GS from dealing in derivatives. In short, it would make GS a regular commerical bank.
The GS people in the White House oppose Lincoln's move.
Lincoln should be supported in her effort.

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