Republican and their love affair with Wall Street

[Pine Mt Beagles]

MOST EVERY ONE KNOW'S THAT REPUBLICAN'S HAVE ALWAY'S -BOWED - TO WALL STREET -BIG BUSINESS-BIG OIL ETC.BUT NOW THEY ARE SHOWING THEIR TRUE- COLOR'S-AND THEY ARE NOT-- RED -WHITE-AND BLUE--THEY ARE GREEN--AND MORE GREEN-----
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Emboldened by the major fraud allegations against Goldman Sachs & Co., the Obama administration and Senate Democrats said Monday they will push this week for a crucial vote on a sweeping overhaul of financial regulations, daring Republicans to block it and be labeled as caring more about Wall Street than average Americans.

"This comes down to this basic question: whose side are you on?" Senate Banking Committee Chairman Christopher Dodd (D-Conn.) said Monday. "Are you on the side of those who oppose this?"

Large financial institutions and some business groups, led by the U.S. Chamber of Commerce, oppose key provisions of the legislation and have been lobbying aggressively against it for months.

With all 41 Republicans signing a letter last week vowing to oppose the legislation as it stands, Democrats are challenging them — particularly moderates such as Susan Collins of Maine — to vote against bringing the bill up for debate on Wednesday or Thursday.
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[bluegrass]

Hey Rufus...in YOUR OWN WORDS would you please enlighten us as to what this proposed legislation says and what it will do...don't just copy and paste some leftist drivel from Huffington, Moveon.org or MSNBC, YOUR OWN WORDS please...


I dare you.

[Newt]

Rufus, what good are new regulations? The laws already written are sufficient if they were enforced.

[Pine Mt Beagles]

Re: Republican and their love affair with Wall Street
by Newt on Wed Apr 21, 2010 4:46 am

Rufus, what good are new regulations? The laws already written are sufficient if they were enforced.
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=NEWT
THAT= IS A DARN GOOD POINT=THE SAME HOLD'S TRUE WITH= ALL MOST EVERY =NEW= REGULATION=THAT HAS BEEN PASSED IN THE LAST FEW YEARS.IT GET'S PASSED PUT ON =THE BACK BURNER= =THEN WRITE A NEW ONE LATER=IT'S MESSED UP...

[Tim H]

PMB, Enlighten us with your wisdom about Goldman Sachs & Co.

Don't cut and paste something, actually tell us what YOU know about them.

[Pine Mt Beagles]

I'AM NOT GOING TO COME ON HERE AND TRY TO EXPLAIN ANY THING TO- A BUNCH OF NARROW MINDED RACIST 19TH CENTURY- REPUBLICAN'S- THAT ARE CONDITIONED TO ONLY -DO WHAT THEY ARE TOLD YOU- WILL NOT EVEN READ ANYTHING EXCEPT WHAT YOU ARE TOLD TO READ AND DON'T COMPREHEND IT ANYWAY-SO DO YOUR OWN RESEARCH-OF COURSE YOU WANT -BECAUSE YOUR MIND WAS MADE UP WHEN YOU WERE BORN-
BUT HAVE YOUR FUN

[bluegrass]

PMB, Enlighten us with your wisdom about Goldman Sachs & Co.

Don't cut and paste something, actually tell us what YOU know about them.

Apparently Dufus ISN'T going to share his knowledge...pity.

[Tim H]

I'AM NOT GOING TO COME ON HERE AND TRY TO EXPLAIN ANY THING TO- A BUNCH OF NARROW MINDED RACIST 19TH CENTURY- REPUBLICAN'S- THAT ARE CONDITIONED TO ONLY -DO WHAT THEY ARE TOLD YOU- WILL NOT EVEN READ ANYTHING EXCEPT WHAT YOU ARE TOLD TO READ AND DON'T COMPREHEND IT ANYWAY-SO DO YOUR OWN RESEARCH-OF COURSE YOU WANT -BECAUSE YOUR MIND WAS MADE UP WHEN YOU WERE BORN-
BUT HAVE YOUR FUN

PMB, Enlighten us with your wisdom about Goldman Sachs & Co.

Don't cut and paste something, actually tell us what YOU know about them.

Apparently Dufus ISN'T going to share his knowledge...pity.

No he shared ALL his knowledge. I knew this would be fun!!!

[bluegrass]

Uh Dufus??? WHO is in love with Wall Street??? Read if you have the guts.





Obama Doesn’t Intend to Give Back Goldman Campaign Donations
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By John McCormick

April 22 (Bloomberg) -- President Barack Obama doesn’t plan at this time to give back almost $1 million in campaign contributions from employees of Goldman Sachs Group Inc.

“We make these decisions on a case-by-case basis, and in this case we have not accepted contributions from specific individuals accused of wrongdoing, nor have we advocated for positions that big Wall Street banks generally favor,” Hari Sevugan, a Democratic National Committee spokesman, said in a statement.

Obama, 48, received the contributions in 2007 and 2008 for his White House bid.

Donations from the bank’s employees have become an issue for political candidates from both parties after the Securities and Exchange Commission filed a fraud lawsuit April 16 against Goldman Sachs.

Obama was asked about the contributions in an interview yesterday with CNBC.

“I got a lot of money from a lot of people,” he said. “And the vast majority of the money I got was from small donors all across the country.”

Obama said his desire to change Wall Street rules was clear throughout the campaign.

“Anybody who gave me money during the course of my campaign knew that I was on record, again in 2007 and 2008, pushing very strongly that we needed to reform how Wall Street did business,” he said.

Biggest Money Sources

Obama received the money from employees and their family members, making Goldman Sachs second only to the University of California as his biggest source for donors in 2007 and 2008, according to the Washington-based Center for Responsive Politics.

In the president’s adopted home state of Illinois, the Republican candidate for the U.S. Senate seat Obama once held has said he will return about $21,000 from Goldman Sachs employees.

Mark Kirk, a five-term congressman from Chicago’s northern suburbs, said he wanted to “err on the side of caution” as the SEC case unfolded and would return the money.

Kirk announced the decision after his Democratic opponent, Illinois Treasurer Alexi Giannoulias, called on him to give back the contributions.

Obama and Democrats in Congress are proposing the most sweeping changes to financial regulation since the Great Depression and the president plans to deliver a speech on the subject today at the Cooper Union in New York.

Goldman Contributions

Kirk ranks sixth so far among House and Senate candidates for donations from Goldman employees during the 2010 election cycle, the center’s data shows. The top five are Democratic Congressman Michael McMahon of New York, Republican Senator Richard Shelby of Alabama, and three other New York Democrats: Senator Kirsten Gillibrand, Representative Scott Murphy and Senator Charles Schumer.

Goldman Sachs and its employees and family members gave $5.9 million to candidates in the 2007-2008 election cycle, the Center for Responsive Politics data shows. Three-quarters of that went to Democrats, the non-partisan group said.

The SEC filed a civil suit alleging Goldman failed to tell investors in a 2007 collateralized debt obligation that hedge fund Paulson & Co., which planned to bet against the CDO, helped select the underlying assets. The bank has denied the SEC’s accusations.

For Obama, Wall Street provided three of his seven biggest sources of contributors for the 2008 presidential campaign. In 2007 and 2008, Goldman Sachs employees and family members gave him $994,795, Citigroup Inc. $701,290, and JPMorgan Chase & Co. $695,132.

To contact the reporter on this story: John McCormick in Chicago at jmccormick16@bloomberg.net

Last Updated: April 22, 2010 00:05 EDT




Bet you didnt know or CARE about that did you Rufus?? Keep drinking the Koolaid....nothing to see here, move along, nothing to see....its all under control. LMFAO

BTW, here is perhaps the most relevant point, other than the FACT that Obambi is KEEPING his Goldman Sachs campaign contributions:


Goldman Sachs and its employees and family members gave $5.9 million to candidates in the 2007-2008 election cycle, the Center for Responsive Politics data shows. Three-quarters of that went to Democrats, the non-partisan group said.

[Pine Mt Beagles]

by bluegrass on Fri Apr 23, 2010 2:53 am

Uh Dufus??? WHO is in love with Wall Street??? Read if you have the guts.

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=MORE RIGHT WING NUT JOB =B.S.====WHO is in love with Wall Street??? =ASK YOU===ALL THE---41--- REPUBLICAN'S WHO DON'T WANT THEM REGULATED LIKE YOU -!!!!!!!!

[bluegrass]

by bluegrass on Fri Apr 23, 2010 2:53 am

Uh Dufus??? WHO is in love with Wall Street??? Read if you have the guts.

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=MORE RIGHT WING NUT JOB =B.S.====WHO is in love with Wall Street??? =ASK YOU===ALL THE---41--- REPUBLICAN'S WHO DON'T WANT THEM REGULATED LIKE YOU -!!!!!!!!

Right Wing???? BLOOMBERG???? And HOW can you ignore what the story says, it even QUOTES Obambi officials??? You have your head so far up libtards asses you can't even READ anymore.....by the way, Bloomberg is as liberal as it gets.


You are disgusting.

[Newt]

Now we know why the President wants a new agency to monitor Wall Street. The SEC, which is supposed to be the watch dog agency has a bunch of beauracrats sitting around watching porn on the internet, while Madoff and Stanford are stealing their clients retirement.
http://www.foxnews.com/politics/2010/04 ... financial/