Thursday, April 22, 2010

Obama Admin Appears Less Than Ethical on Goldman-Sach's

What Did the President
and the CEO Talk About?
What did he know? And when did he know it?

While Goldman Sachs' lawyers negotiated with the Securities and Exchange Commission (SEC) fraud charges, Goldman's CEO was hanging at the White House with Obama and Larry Summers

Records show that Goldman's CEO Lloyd Blankfein and pals gave $994,795 in donations to President Obama's 2008 presidential campaign chest. White House logs show that he met with Obama and Summers, privately at least 4 times. They also had other meetings at additional events. (How much help did that Million buy?)

Goldman-Sach's is retaining former Obama White House counsel Gregory Craig to run the legal team to combat the fraud charges. (Did Obama suggest the lawyer?)

Lawrence Jacobs, a University of Minnesota political scientist, said that "almost everything that the White House has done has been haunted by the personnel and the money of Goldman . . . as well as the suspicion that the White House, particularly early on, was pulling its punches out of deference to Goldman and its war chest," according to McClatchy

President Obama denied “categorically” on Wednesday any political involvement or advance knowledge of the federal case against Goldman Sachs, saying he learned about the civil fraud suit from television. (What did he know? And when did he know it?)