You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Obama's Money Cartel [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Ugnmoose Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-29-08 10:24 PM
Original message
Obama's Money Cartel
Advertisements [?]
Edited on Fri Feb-29-08 10:38 PM by Ugnmoose
We know that Hillary has taken considerable campaign contributions from lobbyists and Washington power-brokers. This article attempts to set the record straight regarding the Obama campaign. Hey I'm for full and fair disclosure. The voters deserve to know the facts. They deserve to know the truth. Do read the entire article then draw your own conclusions.

http://www.opednews.com/articles/genera_pam_mart_080226_obama_s_money_cartel.htm

snip

Wall Street, known variously as a barren wasteland for diver­sity or the last plantation in America, has defied courts and the Equal Employment Opportunity Commission (EEOC) for decades in its failure to hire blacks as stockbrokers. Now it’s marshal­ling its money machine to elect a black man to the highest office in the land. Why isn’t the press curious about this?

snip

Seven of the Obama campaign’s top 14 donors consist of officers and em­ployees of the same Wall Street firms charged time and again with looting the public and newly implicated in originat­ing and/or bundling fraudulently made mortgages. These latest frauds have left thousands of children in some of our largest minority communities coming home from school to see eviction notices and foreclosure signs nailed to their front doors. Those scars will last a lifetime.

These seven Wall Street firms are (in order of money given): Goldman Sachs, UBS AG, Lehman Brothers, JP Morgan Chase, Citigroup, Morgan Stanley and Credit Suisse. There is also a large hedge fund, Citadel Investment Group, which is a major source of fee income to Wall Street. There are five large corporate law firms that are also registered lobbyists; and one is a corporate law firm that is no longer a registered lobbyist but does legal work for Wall Street. The cumula­tive total of these 14 contributors through February 1, 2008, was $2,872,128, and we’re still in the primary season.


But hasn’t Senator Obama repeatedly told us in ads and speeches and debates that he wasn’t taking money from reg­istered lobbyists? Hasn’t the press given him a free pass on this statement?Barack Obama, speaking in Greenville, South Carolina, on January 22, 2008: “Washington lobbyists haven’t funded my campaign, they won’t run my White House, and they will not drown out the voices of working Americans when I am president”.Barack Obama, in an email to support­ers on June 25, 2007, as reported by the Boston Globe: “Candidates typically spend a week like this – right before the critical June 30th financial reporting deadline – on the phone, day and night, begging Washington lobbyists and special interest PACs to write huge checks. Not me. Our campaign has rejected the money-for-in­fluence game and refused to accept funds from registered federal lobbyists and po­litical action committees”.






Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC