Obama's Big Wall Street Sellout

Rolling Stone ^ | Dec. 10, 2009

[Wolfie]

The latest from Matt Taibbi.

[Frantzie]

The POS lib Rolling (Papers) Stone going after Hussein?

[iopscusa]

Yep it was Taibbi and other crappers like Rolling Stone that got the fraud elected, so it is your fault, tools!

[FromLori]

Thanks so much for the ping. Funny none of them cared to look into obama before the election he has long been paid off by the banks.Only a few even mentioned it until lately this however was a lone voice pretty much before the election... snippet

Barack Obama has a major Wall Street and Washington problem that the media so far is refusing to acknowledge or explore. He is in the pocket of the Wall Street firms and mortgage security companies that are at the center of the collapse of the real estate bubble. He is closely tied to at least two of the Fannie Mae principals. As Ricky Ricardo would say, “Barack, you got some splaining to do.”

Let’s start with the numbers. Why is a first term Senator pulling down almost $300,000 a year from Goldman Sachs, Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac, AIG, Countrywide Financial, and Washington Mutual? He has not even completed his fourth year in the Senate and received a total of $1,093,329.00 from these eight companies and their employees. (all data from OpenSecrets.org). John McCain’s numbers, according to OpenSecrets.org for the period 1990-2008 (i.e., 18 years worth of data) only collected $549,584.00. In other words, Barack is receiving $273,582.25 (and 2008 is not over) per year while McCain raised a paltry $30,532.44.

Want another shocker? Barack Obama has received more from one source–Goldman Sachs $542,252.00–than McCain has from all of the companies combined. Who the hell is more beholden to lobbyists? And why does a junior Senator from Illinois rate this kind of dough?

Why are these firms and their employees showering Barack with their cash? Although the conventional wisdom wants to pin the Wall Street debacle on Republican greed, the reality is that the real estate market and the big players on Wall Street have been a Democratic game.

http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/

[C19fan]

Considering how Wall Street insiders were big supporters of Zero during his campaign there was no “bait and switch”.

[autumnraine]

This is the ROLLING STONE???

[DontTreadOnMe2009]

Wow

I read it all.

Thanks for the post.

[FromLori]

ping I didn’t post this but it is good.

And related

[Wolfie]

Matt Taibbi. Google him, he’s all over TV explaining this stuff. Frankly, I’m amazed he’s still employed there.

[blackdog]

"Feeding the alligator, hoping it eats you last" - Donald Rumsfeld

Does one Chicago Marxist union thug feel embarassed if I tell him to put some ice on that?

When you are lofted to the top of anything on false premise, lies, deception, and pandering, the way down is mighty swift and permanant. Hey Barry, did you watch your ex-mayor of Detroit in court yesterday? He's saving a seat for you.........

[FromLori]

ping I didn’t post this but it is good.

And related

Wall Street Is Big Donor to Inauguration
Obama Bans Funding From Corporations and Big Donors, but Financial Employees Put Up $5.7 Million

http://online.wsj.com/article/SB123146096981566339.html

The Morphing of the Financial Reform Bill Into an Eternal Bailout Bill for Oligarchs

http://www.economicpolicyjournal.com/2009/12/morphing-of-financial-reform-bill-into.html

[FromLori]

ping

[Wolfie]

This is classic, regarding Geithner:

"Not only are the mop-headed weenie of a Treasury secretary's fingerprints on virtually all the gross giveaways in the new reform legislation, he's a living symbol of the Rubinite gangrene crawling up the leg of this administration."

[BGHater]

‘it was Taibbi’

Really? I thought it was the GOP establishment that failed on their principles which created a atmosphere for otherwise Republican voters to stay home. But everyone has their own views.

[C19fan]

"Bob Rubin, these guys, they're classic limousine liberals," says David Sirota, a former Democratic strategist. "These are basically people who have made shitloads of money in the speculative economy, but they want to call themselves good Democrats because they're willing to give a little more to the poor. That's the model for this Democratic Party: Let the rich do their thing, but give a fraction more to everyone else."

A former Deomcratic strategist said that. Was Mr. Sirota a lurker on Free Republic?

[autumnraine]

OH MY GOD!!! THIS IS REAL JOURNALISM!!!

Connecting dots, explaining CORRUPTION!! I’m in shock.

---

Froman had served as chief of staff to Rubin at Treasury, and had followed his boss when Rubin left the Clinton administration to serve as a senior counselor to Citigroup (a massive new financial conglomerate created by deregulatory moves pushed through by Rubin himself).

Incredibly, Froman did not resign from the bank when he went to work for Obama: He remained in the employ of Citigroup for two more months, even as he helped appoint the very people who would shape the future of his own firm. And to help him pick Obama’s economic team, Froman brought in none other than Jamie Rubin, a former Clinton diplomat who happens to be Bob Rubin’s son. At the time, Jamie’s dad was still earning roughly $15 million a year working for Citigroup, which was in the midst of a collapse brought on in part because Rubin had pushed the bank to invest heavily in mortgage-backed CDOs and other risky instruments.

[Wolfie]

The beauty of a writer like Taibbi, from the perspective of someone who doesn’t want a damn thing to change, is that he blames Republicans and Democrats equally. Which means at any given time, half the electorate gets all butt-hurt about what he has to say and refuses to pay attention.

[FromLori]

Taiibi sure has a way with words lmao I wish he had looked into it before the election but at least he is laying out what a fraud he helped get elected. The whole article is riveting. He really does lay out how we were forced to pay for obamas wall street connections.

I suppose some of the language might be offensive to some it doesn’t bother me personally though I guess he must think if you work in the sewer sometimes it will be stinky.

[blackdog]

Rubintie gangreen crawling up the leg...........

Obviously the author is a product of private school or homeschooling.

Now if they were trying to have Doctor Summers cure the Rubinite gangreen, I'd say the author was hated by his faculty advisors and deserves to be in protective custody at this point.

Anyone have any guesses on a Clintonesque Chicagocide timetable yet. It's a really fast building list. The guy's only got three years left. That's a lot of wood to stack and not much time.