Tuesday, April 20, 2010
Barack Obama recently started his campaign to gain public support of his reform on Wall Street and the financial system. He believes that banks are still too big to fail and Obama feels the U.S. can not recover if this remains the way American banks operate. One of the biggest firms, Goldman Sachs, was recently accused by the SEC of purposefully harming investors through shady transactions and back-door deals. A search for the words "Goldman Sachs SEC" now renders an add for the website http://barackobama.com. The White House says the SEC is a completely independent organization and the president has no influence over that entity. Many wonder if the charges against Goldman Sachs have any thing to do with the president's attempt to get Americans behind his financial reform.
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