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Friday, April 23, 2010

Obama Takes Wall Streets Money then Calls them Greedy

NEW YORK (CNNMoney.com) -- Misguided. Unworkable. Hypocritical.

Wall Street was unimpressed by President Obama's argument for financial reform on Thursday. The reaction of nearly a dozen financial industry workers ranged from skepticism to animosity.

"It doesn't seem necessary for him to come down here," said Frank Clemente, a stock broker. "It's all political, not any real reform."

Clemente was particularly annoyed that Obama criticized the financial industry after having accepted political contributions from Goldman Sachs (GS, Fortune 500) employees during his presidential campaign.

"He took their money before, so it's kind of hypocritical to attack them now," he said. - Cnn Story

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