Obama slowing down anti-Wall Street rhetoric
And yet the shrugging begins:
Some bankers say they turned the conversations into complaints about
the antibonus crusade consuming Capitol Hill. Some have begun
"slow-walking" the information previously sought by Treasury for
stress-testing financial institutions, three bankers say, and
considered seeking capital from hedge funds and private-equity funds
so they could return federal bailout money, thereby escaping federal
restrictions.
No wonder Geithner and Obama can't staff the remaining top slots at
treasury: They are now despised and mistrusted by anyone qualified to
hold those posts!
When Michael Froman, a Citigroup Inc. executive and Harvard Law
friend of Mr. Obama, joined as a senior official in the White House,
he gave to charity his year-end bonus. The White House says it
didn't require any Wall Streeters coming to Washington to forgo
their bonuses. But, given the political explosion over large payouts
to executives from companies receiving federal funds, a White House
spokeswoman explains, officials "encouraged executives who come to
work here to review their executive compensation."
In other words, come work with us!!! It will only cost you millions!
Splash, out
Jason
Labels: economy <http://iraqnow.blogspot.com/search/label/economy>,
finance <http://iraqnow.blogspot.com/search/label/finance>, Obama
<http://iraqnow.blogspot.com/search/label/Obama>, stupid
<http://iraqnow.blogspot.com/search/label/stupid>
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<http://iraqnow.blogspot.com/2009/03/obama-slowing-down-anti-wall-street.html>
posted by Jason : 08:19 EST 0 transmissions this net
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