Greed is good, when Dems receive Wall Street money

American Thinker ^ | 1/31/2009 | Ed Lasky

[markomalley]

President Obama and Senator Dodd had no problem with Wall Street greed when it showered upon them.  Barack Obama and  Senator Christopher Dodd  were the two biggest beneficiaries of those greedy and arrogant Wall Street malefactors of wealth when it came to campaign funds.

BET's the Daily Voice Blog wrote:

Obama also expanded on blunt language he used earlier this week when he characterized as "shameful" the billions of dollars of Wall Street bonuses paid out at the end of last year even as the economy faltered. The president attacked Wall Street leaders who gave out the money while taking federal funds for their "arrogance" and "greed."

But apparently, sometimes greed is good to the Dems. According to the Wall Street Journal, Dodd "is known as a Wall Street-friendly politician", but Obama easily eclipsed him as time went on and Dodd dropped out of the Presidential primary. I wrote about Barack Obama and the leading Democrats being "in hock" to hedge funds last year:

Hedge funds are a major source of donations for Democrats. The Democratic Senatorial Campaign Committee, which Schumer heads, received $779,100 from employees of private-equity head funds in June 2007 (as the tax battle was heating up in the Senate), far exceeding the $60,000 received by the Republican Senate Committee.

Senator Chris Dodd (D-Connecticut) is a "beloved advocate of many of the hedge funds housed in his state", and has benefited mightily from donations from these hedge fund managers. . He is the head of the Senate's powerful Banking Committee that helps draft (or not) legislation regulating hedge funds.

Barack Obama eclipsed Dodd's fundraising record from hedge fund titans. Indeed, Barack Obama-after an initial promising stance regarding taxing hedge funds-backed away from the issue after briefly raising it last year. (these bold sentence should be joined with the gray box above-all are from my previous AT piece)

What is most hypocritical in Barack Obama's bashing of Wall Street is that his major supporter, George Soros, has earned billions during this financial fiasco by making trades that benefited from the collapse of various asset classes. Soros was also bad-mouthing the prospects of the American economy. Soros exacerbated the downfall which rewarded him, financially -- and his preferred presidential candidate, politically -- so handsomely 

[Nathan Zachary]

"George Soros, has earned billions during this financial fiasco by making trades that benefited from the collapse of various asset classes. Soros was also bad-mouthing the prospects of the American economy. Soros exacerbated the downfall which rewarded him, financially -- and his preferred presidential candidate, politically -- so handsomely "

There was no doubt in my mind that Soro's was trying his hardest to short sell the markets to point of collapse. That is after all what he does best.

[ChicagahAl]

Dodd, Obama and Frank would probably go to jail if they were not Democrats.

I say that with neither malice nor sarcasm. It is true. Their actions were clearly criminal.

[Nathan Zachary]

In fact it’s a wonderful scam. pump billions of taxpayers money into these banks, and There is Soro’s, pumping it straight into his own bank account.

That’s why the banks can’t hold onto any equity, it disappears as fast as the government puts it in. Strange how the ban on short selling expired too, and nobody bothered to reinstate it. Not a pep from the house or senate about it.

[Sig Sauer P220]

I’ve recently had dreams where I’m seeing red dots from laser sights being pointed on the foreheads of certain members of Congress. Is this normal given the situation of what they are doing to us, or should I seek professional help? Anyone else experiencing this lately? Inquiring minds want to know.

[ChicagahAl]

"There was no doubt in my mind that Soro's was trying his hardest to short sell the markets to point of collapse."

I'm sure it is no coincidence that the removal of the uptick rule and the removal of the prohibition on naked shorting, both occurred in time to exacerbate this disaster.

This is why we shouldn't elect Moderate Republicans like Bush (either one). Bush admitted that he had no understanding of economics or finance, and he was too willing to put Democrats like Paulson in positions of power, or people like Cox (who wasn't really qualified) in a position of power.

And the worst part is; with the Dems in power now, the disaster may not have hit bottom yet. Not until Soros squeezes every last penny out of the market that he can.

[Nathan Zachary]

I’m seeing red dots from laser sights being pointed on the foreheads of certain members of Congress. Is this normal given the situation of what they are doing to us

You'd think it would be.

[bray]

Lola Pelosi never minded that her son received $200K from Countrywide for a job he never attended. Joe Biden never had a problem w/his son bilking people out of their retirements.

Never heard these complaints when The One was raising a Billion for his campaign. The District of Corruption should never lecture Wall St.

Pray for America, Our Troops and obama’s Guidance

[Nathan Zachary]

"I'm sure it is no coincidence that the removal of the uptick rule and the removal of the prohibition on naked shorting, both occurred in time to exacerbate this disaster."

Yea, that's what I was referring to. It is kind of odd isn't it. It certainly isn't over yet either, the 'bottom" we are seeing now is onlt a ledge, the freefall will start any day now I think.
And we can bet Soro's will have billions worth of seed in place so he can rake in as much as he can.

After all, someone has to finance Obama new national police force, and get those "emergency housing camps" on old military bases all ready in case some sort of action is needed.

[Eric Blair 2084]

All of these Wall St. people they speak of are unabashed libs.

See Corzine, John
Bloomberg, Michael

They don’t pay taxes. If you have over 15 million in net worth I’ll show you how.

They just want power. Easiest way to get it is to promise largesse from the public treasury.

Power is much more sexy than money.