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echo: matzdobre
to: All
from: Jeff Binkley
date: 2010-04-20 16:17:00
subject: Obama

The left will go mute on this topic....

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http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Is-Goldman
-Obamas-Enron-No-its-worse-91613449.html

Is Goldman Obama's Enron? No, it's worse
By: J.P. Freire
Associate Commentary Editor
04/20/10 1:41 PM EDT

Campaign contributions from Goldman Sachs employees to President Obama are
nearly seven times as much as President Bush received from Enron workers,
according to numbers on OpenSecrets.org.

President Bush's connections to Enron were well-hyped during the company's
accounting debacle that rippled through the economy. Time magazine even had an
article called, "Bush's Enron Problem." The Associated Press ran with the
headline, "Bush-backing Enron makes big money off crisis." David
Callaway wrote
that Enron for Bush was worse than Whitewater for Clinton.

But the mere $151,722.42 (inflation adjusted) in contributions from
Enron-affiliated executives, employees, and PACs to Bush hardly add up to
Obama's $1,007,370.85 (inflation adjusted) from Goldman-affiliated executives
and employees. That's also not taking into account how much Goldman contributed
to Obama cabinet member Hillary Clinton ($415,595.63 inflation adjusted), which
was itself almost three times as much as Bush received as well.

It would be fair to say that the total amount the Obama administration has
received from those affiliated with Goldman Sachs is ten times that of what
Bush received from Enron.

Goldman is being sued for civil fraud by the Securities and Exchange Commission
for deliberately putting unwitting clients on the wrong side of a mortgage
security trade that had been designed to fail.

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