In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Obama and Wall Street’

All in the family! The Wall Street White House

Posted by seumasach on July 4, 2009

Andrew Cockburn

4th July, 2009

Robert Hormats, Vice Chairman of Goldman Sachs, is to be installed as Under Secretary of Economics, Business, and Agricultural Affairs. This comes as one more, probably unnecessary reminder of the total control exercised by Wall Street over the Obama administration’s economic and financial policy. True, Hormats is “a talker rather than a decider” according to one former White House official, but he will find plenty of old friends used to making decisions, almost all of them uniformly disastrous for the U.S. and global economy

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