Saturday, November 20, 2010

Obama: Bought and Paid For

Source:  Expose Obama

November 19th, 2010
Shawn Macomber, The American Spectator


Bestselling investigative reporter Charles Gasparino’s latest to me Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street commences not with a scene from the much-ballyhooed first one hundred days of the new Administration, but at a hush-hush 2007 pow-wow at Johnny’s Half Shell in Washington, D.C., between then-Senator Barack Obama and executives from Wall Street’s top firms — Lehman Brothers, Merrill Lynch, BlackRock, Goldman Sachs, Bear Stearns — which went so swimmingly the only warm fuzzy it lacked was the ghost of Humphrey Bogart intoning, “Barry, I think this is the beginning of a beautiful friendship.”

From there the Fox Business Network senior correspondent and Daily Beast columnist lays out in gobstopping detail just how well both sides have since profited from this extended alliance, combining fiery outsider indignation with hard-won insider knowledge, narrative prowess, and a true knack for the telling anecdote — disgraced Bear Stearns hedge fund manager Warren Spector spending his days knocking on Florida doors as a volunteer Obama campaign worker  and nights bedded down at luxury hotels while his preferred candidate ceaselessly derides Republicans as the party of Wall Street is but one among many doozies.

Bought and Paid For is, in short, required reading for anyone interested in the obscured behind the scenes machinations of the economic maelstrom we currently find ourselves mired in. Gasparino was recently kind enough to speak with TAS about his book.

and, from Expose Obama:

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November 19th, 2010





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