Obama: "I Didn't Run to Help Wall Street." Yet in his last days in office that's exactly what he did (and they re-paid the favor)
Submitted by Steven D on Wed, 04/26/2017 - 3:13pmPresident Obama, early in his first term on December 13, 2009 famously said in an interview with CBS that "I Did Not Run for Office to Be Helping Out a Bunch of Fat Cat Bankers on Wall Street." Yet, as one of his last official acts as President that is exactly what he did by allowing federal loan guarantees of junk derivatives based on securitized mortgage backed rental properties. Now he’s in the news again for a receiving $400,000 to give a speech to Wall Street bank!
