Caption: Goldman Sachs and President Obama. He didn't run for office to hire their ex-executives as his economic advisors, make them rich, and screw the rest of us, but somehow it happened anyway.
Via Eli, this quote from Barack Obama:
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.”
Obama: I Didn't Run For Office To Help 'Fat Cat Bankers'
Eli seems skeptical. I, on the other hand, believe him. I just think he left the most important part of the truth unspoken:
I didn’t run for office to help out the rest of you, either, and Wall Street came up with more campaign cash, so they won.
Turns out, the Huffington Post article this quote came from explains why:
Efforts by the banking industry to avoid reform may have paid off (financial-services interests spent $344 million on lobbying in the first three quarters of 2009). While the version of the major financial reform bill passed by the House on Friday does create a consumer financial protection agency and limits on derivatives trading, some say that it also includes loopholes. The bill does not include measures that would break up big banks or address the mixing of commercial and investment banking by giant firms like JPMorgan Chase and Goldman Sachs.
Obama: I Didn't Run For Office To Help 'Fat Cat Bankers'
The best cons have a smidgen of truth in them, but only a smidgen. You're left to fill in the rest.
2 comments:
As always, the ROI on lobbying is incredible.
What I find scary is that they could spend so much more if they needed to.
Post a Comment