Obama, Katrina and the Banksters
Over at the Big Picture, Barry Ritholtz links to the much discussed WSJ piece on Larry Summers receiving mountains of hedge fund cash and writes that Obama may go down in history as "the smart guy who decided to continue the 'dumb guy's' policies."
Exactly right. But there's more to be frustrated about in the WSJ piece than just the revelations about Summers. For example, the WSJ writes that New Orleanian and White House Social Secretary Desiree Rogers "collected a $350,000 salary from Allstate Financial as president of the social networking division..."
Allstate has a richly deserved horrible reputation down here in New Orleans. Check out this account of one New Orleanian's battle with Allstate over Katrina-related claims: [More...]
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