Quote:
Originally Posted by RIROCKHOUND
Scott, you win.
I don;t have time to go look up every politician's charitable givings and see how it relates to their stance on policy. I don't have the time so I'll throw up the white flag.
have fun
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Bry...as I stated before...you don't need to...just the ones that are in your face constantly telling you what you ought to do...and the ones that impune and besmirch...ohhh...say...the "tea baggers" for instance because they oppose large oppressive government and higher taxation....the hypocricy is on a neon sign telling you "
Warning...Danger Will Robinson"...with little arms flailing around....sorry...a little Lost in Space reference
is anyone looking into Fannie Mae and Freddie Mac?
Greedy Greedy Wall Street
top contributions to OBAMA
University of California $1,591,395
Goldman Sachs $994,795
Harvard University $854,747
Microsoft Corp $833,617
Google Inc $803,436
Citigroup Inc $701,290
JPMorgan Chase & Co $695,132
Time Warner $590,084
Sidley Austin LLP $588,598
Stanford University $586,557
National Amusements Inc $551,683
UBS AG $543,219
Wilmerhale Llp $542,618
Skadden, Arps et al $530,839
IBM Corp $528,822
Columbia University $528,302
Morgan Stanley $514,881
General Electric $499,130
US Government $494,820
Latham & Watkins $493,835
Despite the President’s rhetoric, his support for the Democrats’ bailout bills gives big Wall Street banks a permanent, taxpayer-funded safety net by designating them “too big to fail.” Just whose side is President Obama on? Here are the facts:
WALL STREET GIVES GENEROUSLY TO THEN-CANDIDATE OBAMA:
• Goldman Sachs, recently charged with defrauding investors, was President Obama’s top Wall Street contributor during the 2008 election cycle, donating nearly $1 million to his campaign.
• Securities & investment firms in general were the fifth largest contributor to President Obama’s 2008 campaign, donating nearly $15 million.
• Big banks also donated more than $3 million to Obama during the 2008 election cycle.
PRESIDENT OBAMA’S RHETORIC SAYS “GET TOUGH ON WALL STREET”:
“We will hold Wall Street accountable. We will protect and empower consumers in our financial system. That’s what reform is all about. That’s what we’re fighting for.” (Weekly Address, 4/17/10)
PRESIDENT OBAMA’S ACTIONS PUSH PERMANENT BAILOUTS FOR HIS WALL STREET FRIENDS:
• The Dodd Gives Wall Street a Pre-Existing $50 Billion Bailout Slush Fund. Sen. Dodd’s financial bailout bill would create a $50 billion ‘orderly resolution fund’ ($150 billion in Rep. Barney Frank’s bill) that could be repeatedly replenished from industry assessment.
• The Dodd Bill Gives Wall Street a Treasury-Backed Credit Line. The FDIC would be authorized to borrow from Treasury up to the amount of cash left in the ‘resolution fund’ plus 90 percent of the value of the assets of any and all too-big-to-fail firms in its control.
• The Dodd Bill Provides a Government-Guaranteed to Wall Street Debt. The FDIC would be authorized to guarantee the debt of any solvent bank, bank holding company, or affiliate in any amount subject only to an aggregate debt limit set by the Treasury Department.
• The Dodd Bill Institutionalizes Unlimited Wall Street Bailouts. The FDIC, as the resolution agency for too-big-to-fail firms, would be given wide latitude to use resources to make payments to anyone in any amounts, at their own discretion.
• The Dodd Bill Gives Wall Street Bridge Bank Authority. The FDIC would be authorized to create a bridge institution as part of resolving a covered institution and vest the FDIC with broad authority to use the orderly resolution fund in connection with the bridge institution.
The Obama Administration is brought to you by Goldman Sachs.
Jide Zeitlin, Adam Storch, Mark Patterson, Tim the Tax Cheat Geithner, Neel Kashkari and Gary Gensler. Storch is of particular interest. He took a job Team Obama created for him as COO of the Securities and Exchange Commission’s enforcement division. Obama’s SEC is the group now going after Goldman Sachs.