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Re: 2012 Presidential Election (free for all edition)
Quote:
Originally Posted by Giantone
What about Wall Street ,you hammer Unions and forget about the uber weathly CEO's who took down Wall St in the first place ...UNDER BUSH's ...reign of terror.Lets not forget the Auto Industry is paying it back.
Government Bailout of Ford GM Chrysler and the Auto Industry
Very good break down of the whole thing! |
The CEOs are split D & R. Some of the Wall St. firms receiving bailout money were big Obama contributors. Wall St. connected firms/individuals donated more to Obama over McCain in 2008.
The catalyst for the Wall St. meltdown was the mortgage crisis, which stemmed from lax lending practices started by Clinton's Making Homes Affordable plan. Even Clinton, along with the GOP in Congress, was raising red flags on Fannie/Freddie while Barney Frank, Maxine Waters and crew were saying everything's fine, nothing to see here.
The U.S. Dept. of Treasury has stated that when all is said and done U.S. taxpayers will have lost $23B total in the auto bailouts.
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