Obama hired Wall Street bankers to implement his financial and economic policies by bringing Timothy Geithner and Lawrence Summers on board.<quoted text>
You act as though it was Fannie & Freddie that were to blame. The truth is they were only participants along with the other financial institutions.
The Banking industry was heavily funding Republicans especially George W Bush.
This happened 6 years into the Bush Administration. It started in 2006. Every department of the federal government had been run by Republicans for those 6 years.
You really need to quit trying to blame others when it was primarily Republicans driving this bus when the sh*t hit the fan.
If you go back & look at the changes to the banking industry the past 20 years that had a part, they were Republican driven. Talk to Graham Bailey & Leach.
Deregulation Deregulation Deregulation. Thank you Republicans.
You would think you fricken idiots would learn that no, you can't trust businesses to do what is right.
Dodd Frank addressed this with new regulations to help prevent another government bailout. Who set out to repeal it when they took the House? Republicans./
According to the New York Times' Michiko Kakutani,one top banker quoted in these pages refers to Geithner as our man in Washington for helping avert more systemic changes affecting Wall Street.'
As for Summers, he helped preserve the lawlessness of the financial derivatives market in the 1990s and then began accepting exorbitant speaking fees from Wall Street firms such as Goldman Sachs and Merrill Lynch after Obama was already elected.
Goldman Sachs was Obama's second biggest contributor in 2008.
JPMorgan Chase and Citigroup were 6th and 7th on the list.
Just sayin'. Take the log out of your own eye.