Monday, September 10, 2012

Obama’s love affair with Wall Street

Source of graphic: http://gerarddirect.com/2012/05/25/3090/

“Candidate Obama had been their [finance titans] guy, accepting vast amounts of Wall Street campaign money for his victories over Hillary Clinton and John McCain (Goldman Sachs executives ponied up $1 million, more than any other private source of funding in 2008). Obama far outraised his Republican rival, John McCain, on Wall Street—around $16 million to $9 million. As it turned out, Obama apparently actually meant what he said at that White House meeting—his administration effectively would stand between Big Finance and anything like a severe accounting. To the dismay of many of Obama’s supporters, nearly four years after the disaster, there has not been a single criminal charge filed by the federal government against any top executive of the elite financial institutions.”

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