Friday, April 23, 2010

Obama should return Wall Street's money

On the other hand, the reality is that Obama-Dodd puts satin sheets on that king-sized bed federal regulators have shared for years with favored Wall Street executives. That's why Goldman Sachs and other huge Wall Street securities firms are quite comfortable with being bashed by Obama even as he makes deals with them and cashes their checks. By the way, Obama-Dodd does nothing about Fannie and Freddie, the government-created mortgage giants whose obsession with subprime mortgages and paying off influential congressmen to look the other way actually led to the economic meltdown.

Posted via email from The Blue Pelican

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