“Despite frosty relations with the titans of Wall Street, President Obama has still managed to raise far more money this year from the financial and banking sector than Mitt Romney or any other Republican presidential candidate, according to new fundraising data,” according to the Washington Post.
All of his financial advisors are from Wall Street. His previous chief of staff, Rahm Emanuel, was from Goldman Sachs investment Bank.
Obama, unlike FDR during the Great Depression, and Ronald Reagan during the Savings and Loan scandal (Reagan indicted a thousand bankers), has not brought one single wrongdoer to trial.
In fact, Joseph Cassano, the head of the department at AIG that took “bets” for Wall Street deals (with no assets to cover the bets) is living in comfort in London with $200 million to $300 million and, let me say that again, $200 million to $300 million
The rating companies gave AAA ratings to worthless financial instruments. Not one executive from these firms or any employee of these firms, have been indicted, let alone jailed.
Goldman Sachs, if you followed the Senate Hearing on the financial debacle, knowingly sold “junk” to their customers (many of whom represented state pension funds), at the same time, betting the junk would crash in value. Other than being excoriated by Sen. Levin, the executives of Goldman walked with impunity.
Whatever it is that is hypnotizing you, my fellow democrats, please snap out of it. You can oppose Obama, or you can compromise so much that you are no longer you.
Nelson Strasser lives in Kelseyville, Calif.
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