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merrily

(45,251 posts)
2. Populist = surly? LOL!
Tue Jul 8, 2014, 01:40 AM
Jul 2014

Obama referred to "fat cat" bankers in 2009, but he had received good money from Wall Street as well. And his Secretary of Treasury at the time was Geithner. And among his financial advisors was Larry Summer, Clinton's point man on Gramm, Leach, Blilely (aka repeal of Glass Steagall).

So, at that time, I wonder how worried Wall Street was about being referred to as fat cats. (I think they might even be proud of being fat cats.)

We need to stop being swept away by what politicians say.

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