Goldman Sachs, JPMorgan Chase and other big Wall Street banks are awarding multimillion-dollar bonuses to the same financiers who pushed the nation to the brink of financial ruin. President Barack Obama voices outrage, but he fails to take the actions available to him to stem the abuse.
Sadly, Obama, Geithner and Bernanke could halt this madness, but they don't.
Wall Street has contributed mightily to the campaigns of Senate and House committee members who make the rules and to Obama's election campaign. Goldman Sachs and others paid Obama's senior economic adviser, Lawrence Summers, millions in speaking and consulting fees the year after he resigned as president of Harvard University and before he joined the Obama administration.
Has the Obama administration been bought off?
Asked by Anonymous at 4:11 PM on Jan. 22, 2010 in Politics & Current Events
Answer by waldorfmom at 5:29 PM on Jan. 22, 2010
Of course they have, and start looking for a lot more of the same since the rules have changed about how much corporations can donate to campaigns.
Answer by AngelDawn7 at 4:22 PM on Jan. 22, 2010
Answer by Lindalu2 at 4:43 PM on Jan. 22, 2010
Answer by 29again at 4:47 PM on Jan. 22, 2010
Answer by 29again at 4:49 PM on Jan. 22, 2010
He objects to Corporations being allowed to give huge chunks of money to specific candidiates and parties.
Yeah, he objects, but it's just words. He will be loving it come reelection time. Kinda like he objected to the Patriot Act, until he became president. At least something is transparent....
Answer by Anonymous at 5:05 PM on Jan. 22, 2010
You got it
Answer by tnmomofive at 5:33 PM on Jan. 22, 2010
Answer by Anonymous at 6:28 PM on Jan. 22, 2010
Answer by Carpy at 7:41 PM on Jan. 22, 2010
Next question overall
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