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Because he hired Henry Paulson, the ex-CEO of Goldman Sachs who single handedly devised the entire CDO ponzi scheme, as his Treasury Secretary. For those inter
by FD3SA 11y ago
Because he hired Henry Paulson, the ex-CEO of Goldman Sachs who single handedly devised the entire CDO ponzi scheme, as his Treasury Secretary.
For those interested, more here: https://www.youtube.com/watch?v=FzrBurlJUNk https://www.youtube.com/watch?v=FzrBurlJUNk
Watch the entire documentary, lays it out plain and simple. To this day, not a single prosecution.
- maxerickson 11y agoObama's first appointee to Treasury Secretary was Timothy Geithner. He took over from Paulson 6 days after Obama became president. That delay is maybe slightly unusual, but it hardly makes Obama responsible for the actions that Paulson took 6 months prior (I guess hiring Geithner indicates that Obama didn't have a problem with those actions, as Geithner was also one of the architects of the bailout).