Reply #144: You incorrectly assume no counter-balancing pressure [View All]

[Hippo_Tron]

I've stated repeatedly that the counter-balancing pressure is that Treasury's action's will determine Obama's re-election. Obama isn't going to appoint people who are going to act in the interest of Goldmann Sachs instead of in the interest of the American people. That would be a sure-fire way to lose re-election because the American people are the ones going to the polls in 2012, not Goldmann Sachs and the American people will vote for their own best interests (presumably). In other words, appointing people who will screw the country for the benefit of Goldmann Sachs will cost Obama far more than $3.3 million in job approval numbers.

I don't doubt that the financial industry's .5% has bought them something. I'm sure a few sit-downs or phone calls with the President, perhaps. But it hasn't bought them the Treasury Department.