Article

2010-04-21 Economy

Obama accused of playing politics with the law over Goldman Sachs

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Posted by tipper 2010-04-21 03:27|| || Front Page|| [1 views ] Top

#1 I have to say one thing about Obama. He is not beholding to the folks who put him in office. Wallstreet leadership backed him solidly in 2008 and now they are not getting what they paid for. Last week discontent from Jewish American voters was noted. Even Gays were heckling him about don't ask and don't tell policy

Posted by airandee 2010-04-21 07:47|| 2010-04-21 07:47|| Front Page Top

#2 We've seen this movie before.

Posted by Procopius2k 2010-04-21 08:58|| 2010-04-21 08:58|| Front Page Top

#3 Here's an old favorite for you Goldman Sachs.

Link

Posted by Besoeker 2010-04-21 09:01|| 2010-04-21 09:01|| Front Page Top

#4 Airandee, this is all for show. Goldman will pay a 'fine': something in the low eight figures, to be contrasted with the low ten figure profits they've salted away over the years. The Goldman execs will sniffle for the cameras, Bambi and the Dhimmicrats will jam the new financial bill down our throats, and everyone on the left will be happy, most especially Rahm.

That's how it works.

Posted by Steve White 2010-04-21 09:14|| 2010-04-21 09:14|| Front Page Top

#5 What Steve said. The real scandal, about which no regulatory or law enforcement agency will do anything, is Government Sachs' $1B sweetheart deal courtesy of Tiny Tim and Barry in which GS was made whole on its entire counterparty obligations, aka losses, to AIG FP.

Heads they win; tails we lose.

Posted by lex 2010-04-21 14:09|| 2010-04-21 14:09|| Front Page Top

#6 Here's something very few noticed the other day...

ABC News' Ann Compton reports: Goldman Sachs has reached into the ranks of the Obama White House alumni for some political protection. Former White House counsel Greg Craig has been hired to advise the Wall Street giant after it was charged by the government last Friday with fraud and misleading its own investors. Politico first broke the story Monday night.

Officials at the White House say Craig did not alert them about his decision to take on Goldman Sachs as a client at the law firm Skadden Arps, where Craig now works.

Federal ethics rules prohibit lobbying, but Craig may have avoided complications. An administration official explains, "a former White House employee cannot appear before any unit of the Executive Office of the President on behalf of any client for 2 years -- one year under federal law and another year under the pledge pursuant to the January 2009 ethics executive order signed by President Obama. But the Securities and Exchange Commission, which filed the civil lawsuit against Goldman Sachs, is an independent agency and West Wing advisors believe Craigs work would not run afoul of the rules IF Craig does not contact the White House.

Winky-winky...

Posted by tu3031 2010-04-21 20:00|| 2010-04-21 20:00|| Front Page Top

#7 "Obama accused of playing politics with the law ~~over Goldman Sachs~~"

Posted by Barbara Skolaut 2010-04-21 22:29|| 2010-04-21 22:29|| Front Page Top

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