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How Obama Got Rolled by Wall Street

http://www.newsweek.com/2010/08/29/how-obama-got-rolled-by-wall-street.html

by michael_scheibe • 16 years ago

14 3 16 years ago

NE

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3

arnorhs• 16 years ago

Whole article, single page:

http://www.newsweek.com/2010/08/29/how-obama-got-rolled-by-w...

arethuza• 16 years ago

It's not just Obama - look at RBS (84% owned by UK taxpayers after their bailout):

http://www.guardian.co.uk/business/2010/feb/25/bonus-rbs-ban...

Part of me understand the reasons for it - they need to keep the banks as going concerns so we can sell them off again. But I fear that may be establishing a precedent for bailing out the "too big to fail" banks periodically.

Estragon• 16 years ago

Of course, this was all obvious at the time (check the comments at Calculated Risk at those times), but a major outlet like Newsweek can only report on it now, when all the loot's already walked.

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