December 29, 2011

How Wall Street bought the Obama administration

I've got a lot of Dem friends who believe Dems are friends of the poor and would never give billions of tax dollars to Wall Street.

They also believe forcing banks to give mortgages to people who couldn't possibly make the payments had nothing to do with the eventual collapse of the mortgage industry. Oh well, can't fix stupid.

This article explains how Wall Street "bought" the Obama administration. They did it by the time-tested method of campaign contributions, which resulted in some of the most inept, see-no-evil Wall Streeters being appointed to regulatory positions.

Go read it.

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