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Forum Post: Wall Street's takeover of the Obama Administration

Posted 12 years ago on Dec. 20, 2011, 12:46 p.m. EST by TrevorMnemonic (5827)
This content is user submitted and not an official statement

Wall Street's takeover of the Obama administration is now complete.

"The mega-banks and their corporate allies control every economic policy position of consequence. Mr. Obama has moved rapidly since the November debacle to install business people where it counts most. Mr.William Daley from JP Morgan Chase as White House Chief of Staff. Mr. Gene Sperling from the Goldman Sachs payroll to be director of the National Economic Council. Eileen Rominger from Goldman Sachs named director of the SEC's Investment Management division. Even the National Security Advisor, Thomas Donilon, was executive vice president for law and policy at the disgraced Fannie Mae after serving as a corporate lobbyist with O'Melveny & Roberts. The keystone of the business friendly team was put in place on Friday. General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the president's Council on Jobs and Competitiveness."


Yet more evidence that Obama is a fraud and holds none of your interests. THEY let you get a little bit so you think he's on your side. Remember this is the guy who supported giving hundreds of billions continually to Wall Street banks. Then they used our tax payer dollars to create 7.7 trillion dollars out of thin air. It's all a fraud. The whole time it was happening congressmen were using the info for insider trading. It's all a scam to extract the wealth from our country and turn the middle class into peasants.



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[-] 4 points by demcapitalist (977) 12 years ago

How many people do you see out there in politics who really understand wall street trading, the bond market, derivatives etc. who would be willing to fight for the rights of the people, the one's who's deposits and tax dollars are the fuel for this madness. I only see one Liz Warren. I'd be glad to hear of others.

[-] 2 points by aahpat (1407) 12 years ago

A Write-In vote for Elizabeth Warren in the Democratic primaries is the best way possible to tell the Democrats what Americans think of corporate whore Barack Obama for his making the White House of the United States of America a branch office of Goldman-Sachs.

[-] 2 points by TrevorMnemonic (5827) 12 years ago

Dennis Kucinich. My favorite quote is when he asked this of congress, "Is this the United States congress or the board of directors meeting for Goldman Sachs?"

Here's some great videos from the congressman of Ohio.


Here's Kucinich calling out the bullshit of Standard and Poor's. "Maybe it's time to downgrade Standard and Poor's to junk status."


Here's his youtube channel filled with speeches he's made to congress and video's he's made for the public.


And a fucking awesome video from America's Most Wanted's host John Walsh.

[-] 1 points by demcapitalist (977) 12 years ago

Oh right I forgot about him, I like Dennis, but I don't know If I'd call him an expert on bond trading. That's some of the problem Dennis has the right ideas but If you don't really understand the math of the markets you end up with an administration like Carter had I like him as well but he didn't get re elected due to the economy and we got stuck with Reagan for 8 years.

[-] 0 points by TrevorMnemonic (5827) 12 years ago

Most of the "experts" on trading are the guys getting away with millions and not telling people about it. LOL sad but true.

[-] 1 points by demcapitalist (977) 12 years ago

I trade --and I love derivatives and risk, but I'll be damned if I want my bank doing what I do with the money I thought was safe. They took way more risks than I would ever take with my little pile of personal funds.

[-] 1 points by ineptcongress (648) 12 years ago

absolutely right. she's very smart and well informed on finance, and seems to want to do the right thing.

[-] 0 points by NewEnglandPatriot (916) from Dartmouth, MA 12 years ago

Tax payer dollars, that never pay the interest that compounds. Most of the debt we have is barely covering interest, it grows and grows, no payoff will ever occur.