? asked in Politics & GovernmentPolitics · 1 decade ago

According to many democrats, Goldman Sux helped cause the financial meltdown?

so why do so many people working for and with Obama have ties to Goldman:

ALTMAN, ROGER.

BERKOWITZ, HOWARD P.

BIDEN, JOE.

BRAINARD, LAEL.

BUFFETT, WARREN.

CLINTON, HILLARY.

CRAIG, GREGORY. (revolving door)

DONILON, THOMAS.

DUDLEY, WILLIAM C.

EFFRON, BLAIR W.

ELMENDORF, DOUGLAS.

EMANUEL, RAHM.

FARRELL, DIANA.

FRIEDMAN, STEPHEN.

FROMAN, Michael.

FUDGE, ANNE.

FURMAN, JASON.

GALLOGLY, MARK.

GEITHNER, TIMOTHY.

GENSLER, GARY.

GEPHARDT, RICHARD (aka "DICK") A.

GREENSTONE, MICHAEL (revolving door to Hamilton Project)

HAMILTON PROJECT, THE

HORMATS, ROBERT.

KAGAN, ELENA.

KASHKARI, NEEL.

KORNBLUH, KAREN.

LEW, JACOB (AKA "JACK") J.

LIDDY, EDWARD MICHAEL.

LIPTON, DAVID A.

MINDICH, ERIC

MURPHY, PHILLIP.

NIEDERAUER, DUNCAN.

OBAMA, BARACK H.

ORSZAG, PETER.

PATTERSON, MARK.

PERRY, RICHARD.

RATTNER, STEVE.

REISCHAUER, ROBERT D.

RIVLIN, ALICE.

RUBIN, JAMES.

RUBIN, ROBERT.

SHAFRAN, STEVEN.

SPERLING, GENE.

STORCH, ADAM.

SUMMERS, LARRY.

THAIN, JOHN.

TYSON, LAURA D’ANDREA.

11 Answers

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  • 1 decade ago
    Favorite Answer

    Democrats are in denial about being owned.

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  • Anonymous
    1 decade ago

    you think that democrats are standing up to big corporations??? They are helping them. You know why?

    when they pass all their onerous regulations, Goldman Sachs and Bear Stearn's can pay for them, buy Jim's bar and Joe's dry cleaning can't.

    However, Goldman and the big banks did play somewhat of a role in the Panic of 2008 as far as derivatives and such, but the real reason the economy really went down was subprime mortgages and Fannie Mae and Freddie Mac and all their ridiculous borderline illegal activities

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  • poggi
    Lv 4
    4 years ago

    uhhuh.. Carter, Freddie Mac and ACORN... it particularly is the right you're able to do? it particularly is your appraisal of the international banking meltdown that almost delivered on the great domino fall down of our banking institutions.? examine a e book fella. you haven't any longer have been given any supplies and maximum statements in that rant are completely baseless. Or absolute lies. Even taking your lies under consideration it incredibly is a shallow recycled rambling of a buffoon. curiously it particularly is the magic concoction of falsehoods that the Republican celebration has desperate to run on - clearing them, their deregulation rules and their deceptive business enterprise prepare from all duty. i could write a thorough and informative reaction with supplies. yet i could quite only berate you on your gullibility. i visit leave you with this one nugget of reason i think.. If Fanny and Freddy's undesirable loans to first time homebuyers under 200k have been the considerable legal duty to the international's banking community (as you advise) then why wasn't it only Freddy which could have defaulted? additionally i could point out, the present monetary climate became into no longer the direct fault of each person team in Washington. it incredibly is a international monetary gadget constituted of 1000's of trillions in funds, supplies and holdings. Washington coverage is only a element to evaluate. however the final analysis, a scandal did ensue. All those pensions and mutual money evaporated advise that somebody else have been given wealthy. it particularly is how the inventory industry works. additionally - undecided if i discussed this in the previous, yet you're a stone chilly liar. beware chum, you gain what you sow.

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  • 1 decade ago

    Yea, it is funny how the finance committee ( of which Chris Dodd and Barney Frank had oversight) lowered the stands for housing loans so that people who can't afford to pay it back could get loans but then turn around and blame the banks. And if the banks didn't make the loans available then they would blame the banks for not making the high risk loans available to the less fortunate. Darned if you do, darned if you don't. Politics is so demented.

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  • Anonymous
    1 decade ago

    It should be obvious by now that the entire Democrat regime is just a sham designed to enrich and empower themselves and pursue their own personal ambitions, at the expense of completely wrecking the economy that they pledged to "rescue" from the past administrations.

    The government considers the average citizen to be a total joke who is not worthy of the slightest modicum of respect.

    If we don't wake up soon, we will be going down like Rome, the USSR, and Greece.

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  • 1 decade ago

    How many people on the east coast, who know their way around a financial market, DON'T have "ties" to Goldman Sacs?

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  • 1 decade ago

    Yep. Tis true. And that is why they got all that bail out money at taxpayer expense.

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  • 1 decade ago

    goldman sacks belongs to the elitest of the world-BANKS

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  • Anonymous
    1 decade ago

    According to whom ?

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  • Anonymous
    1 decade ago

    Gee what a coincidence.

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