FDR comments on the banks in 1936

[kentuck]

"We had to struggle with the old enemies of peace -- business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering," Franklin Delano Roosevelt said in a 1936 speech. "They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob. Never before in all our history have these forces been so united against one candidate as they stand today.

"They are unanimous in their hate for me -- and I welcome their hatred."

[Cali_Democrat]

1. FDR would be branded a communist today

Amazing how far-right this country has become.

[Golden Raisin]

8. Ike would not

be welcome in today's Republican party, nor pass any of their "purity" tests.

[Oregone]

9. Kucinich would laugh him out of the Democratic Party

:)

Well, not really...but you know...him and Kucinich would both be sent to the corner with dunce caps on.

[liberal N proud]

2. Banks have all the power

And prove that power corrupts.

[RaleighNCDUer]

6. Power seldom corrupts -

but it DOES attract the corruptible.

[RaleighNCDUer]

7. Why would this comment have not posted on my "My DU"? nt

[hobbit709]

3. The more things change...

[Cha]

4. Somethings never change and that would

be greedy powermongers who live for today and forget about future generations.

[DJ13]

5. Its a shame

Reading that I can almost hear it being spoken in Obama's voice, but we all know that wont happen.

[IndianaGreen]

10. FDR didn't get any campaign funds from Goldman Sachs

Published on Thursday, April 22, 2010 by McClatchy Newspapers

Goldman's White House Connections Raise Eyebrows

by Greg Gordon

WASHINGTON — While Goldman Sachs' lawyers negotiated with the Securities and Exchange Commission over potentially explosive civil fraud charges, Goldman's chief executive visited the White House at least four times.

White House logs show that Chief Executive Lloyd Blankfein traveled to Washington for at least two events with President Barack Obama, whose 2008 presidential campaign received $994,795 in donations from Goldman's political action committee, its employees and their relatives. He also met twice with Obama's top economic adviser, Larry Summers.

No evidence has surfaced to suggest that Blankfein or any other Goldman executive raised the SEC case with the president or his aides. SEC Chairwoman Mary Schapiro said in a statement Wednesday that the SEC doesn't coordinate enforcement actions with the White House or other political bodies.

Meanwhile, however, Goldman is retaining former Obama White House counsel Gregory Craig as a member of its legal team. In addition, when he worked as an investment banker in Chicago a decade ago, White House Chief of Staff Rahm Emanuel advised one client who also retained Goldman as an adviser on the same $8.2 billion deal.

Goldman's connections to the White House and the Obama administration are raising eyebrows at a time when Washington and Wall Street are dueling over how to overhaul regulation of the financial world.

http://www.commondreams.org/headline/2010/04/22-4