An Obama Economic Team to Sweep Wall Street Clean
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Nov. 12 (Bloomberg) -- When U.S. voters elected BarackObama president in November 2008, many of us were convinced hewould make a top priority of reforming Wall Street, which hadjust almost succeeded in bringing down our way of life throughgreed and lack of accountability.
Despite the fact that Goldman Sachs Group Inc., JPMorganChase & Co. and Citigroup Inc. were among Obama’s top 10financial backers in 2008, we were hopeful we would see a changein the system whereby bankers, traders and executives wererewarded every day to take huge, asynchronous risks with otherpeople’s money.