Barack Obama went to New York on Thursday and blamed lobbyists, greedy businessmen and complacent Washington politicians for creating “an ethic of greed” that led to today’s foreclosure crisis.
Not long after he left the stage, the Democratic presidential hopeful attended a fundraiser held by his campaign in a room in the Manhattan headquarters of Credit Suisse, one of the major investment companies caught up in the subprime lending mess.
Friday, March 28, 2008
The Audacity of Cynicism
Shortly after Barack Obama gave a campaign speech in which he condemned lobbyist and an "ethic of greed," he hustled to a fundraiser hosted by Credit Suisse, one of the primary contributors to the subprime mortgage meltdown.