Obama's Wall Street Record

[pointman]

So the Democrats and Riot say they are the party that is tough on Wall Street and they want to impose more regulations since George Bush let Wall Street run rampent. Of course, none of that means anything unless you prosecute violator's. So let's examine Obama's record on holding Corporate America to the rules.

How many Wall Street fat cats have been prosecuted from the 2008 collapse? Zero, not one. Not even John Corzine of MF Global, or any individual associated with that company, the company that illegally used $1.6 billion of customer funds which were supposed to be kept in escrowed seperate funds and now claims they don't know where that money is.

Every day one can open the New York Law Journal and find a dozen attorneys who are disbarred and arrested and prosecuted for misusing client's funds in escrow accounts, most of which are hundreds or thousands of dollars. It is not ok for them to misuse the funds, but when you misuse billions but you are a friend of the President, the Justice Department does not prosecute you. This is an open and shut case that apparently will never be opened and remain shut.

Yet, George Bush aggresively prosecuted Wall Street offenders. That included his friends, like Ken Lay. Enron, a company with ties to Republican's, resulted in a number of prosecutions Arthur Anderson was forced out of busniess for illegalities tied to Wall Street. Worldcom's CEO sits in jail for their accounting fraud thanks to the Bush Administration. Yet Obama cannot claim one single major prosecution from the 2008 crisis.

Once again, the Democrats are the party of lies. They claim they want to reign in Wall Street, yet their action shows that this is just another of a long line of lies they throw at the American people. Only the truly stupid believe it.

[Thepaindispenser]

Obama is Wall Street. Wall Street is all about cronyism, lobbying, bribes, kickbacks, political donations, etc. which is what Obama is all about.