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26th April
written by Sean Noble

Democrats in the Senate are trying to stop a Republican filibuster of the financial services regulatory bill.  They think that forcing a vote today, tomorrow, the next day and so on will make Republicans look bad, because EVERYBODY hates Wall Street and should be clamoring for more regulation.

The problem for Democrats is that the American people aren’t stupid. They know a permanent bailout when they see it.  The Democrats can claim they are getting tough on Wall Street, but it just doesn’t sell because so much of Wall Street is a part of the Obama Administration now.  Goldman Sachs employees gave more money to Obama’s campaign (more than $900,000) than any other private sector employees (only employees from the vast University of California coughed up more dough.)

This is just a partial list of the Goldman Sachs connections: Gary Gensler, the chairman of the Commodity Futures Trading Commission; Mark Patterson, a former Goldman lobbyist who is chief of staff to Treasury Secretary Timothy Geithner; and Robert Hormats, the undersecretary of state for economic, energy and agricultural affairs.

On a slightly different note, check out this video from the folks at Americans for Prosperity.

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  1. shannon hunsaker

    I know you want to make a case for this, but it just doesn’t seem to fly.
    Enron was a main supporter of Bush and that barely raised eyebrows in this country. And when Bush announced the war on terror, the people who benefited financially the most from that (and still are) were Haliburton (Cheneys company) and Carlysle group (Bush Sr. company) Nobody cared and nobody did anything. I guess because it doesn’t mean anything!!! Seems like business as usual.

  2. Woody

    Count the zeroes behind all the checks to Haliburton and Carlysle and compare them to the zeroes behind TARP. Unless you believe that Cheney and Bush Sr. orchestrated 9/11 and Sadam Hussein’s invasion of Kuwait and his later violation of numberless UN sanctions, claims of developing WMD’s, using chemical weapons on his own people, etc., you’re comparing apples to orchards. This is only the tip of the iceburg. Yes there were probably people of both major parties playing the same game. Thieves aren’t picky about the people they pay off as long as they deliver.

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