Federal lawmakers responsible for overseeing the US economy have received millions of dollars from Wall Street firms. Since 2001, eight of the most troubled firms have donated $64.2 million to congressional candidates, presidential candidates and the Republican and Democratic parties. As senators, Barack Obama and John McCain received a combined total of $3.1 million. The donors include investment bankers Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, insurer American International Group, and mortgage giants Fannie Mae and Freddie Mac.
Politics
US Congress Sells Out to Wall Street
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The current debate on health reform is getting lost in the numbers and dollars game in Congress. The arguments have become about price. What is the cheaper option? How can we pay for it? What is the best value?
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President Obama exhibited the power of words during his recent appearance with Jay Leno. The comment that was made with regards to the Special Olympics was clearly unscripted.
Politics





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