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Why Obama’s Policies Put Wall Street’s Interests Ahead Of Main Street’s

by on Wednesday, October 28, 2009 at 1:57 pm EDT in Politics

Dan Froomkin at Huffington Post connects the dots:

Many of [Obama’s] chief financial advisers have pocketed extraordinary amount of money from banks and Wall Street, and presumably intend to do so again. They are part of the banker class, and their loyalties have been bought and paid for.


Obama’s top economic adviser, Larry Summers:

was paid $5.2 million for his part-time work for a massive hedge fund in 2008. He also took in more than $2.7 million in fees for speaking engagements at such places as Citigroup, Lehman Brothers, Merrill Lynch and Goldman Sachs — including one visit alone that netted him $135,000 from Goldman Sachs.

Deputy national security adviser for international economic affairs, Michael Froman:

received $7.4 million from Citigroup between January 2008 and January 2009 — including a year-end bonus of $2.25 million that he received just days before coming to work at the White House for a man who was at that very moment calling just such bonuses “shameful”.

Froomkin breaks down the speaking fees and millions made by each of Treasury Secretary Timothy Geithner’s closest aides as recent as this year.  It really is a corrupted pack of wolves that Obama has put together to guard the hen house:  READ MORE HERE