The bailout has been controversial. Senior Obama adviser Valerie Jarrett served on a Chicago civic organization with a director of the bank, and President Obama himself has singled out the bank for praise in lending to low-income communities.
But the bank has made its share of bad bets, and some of the Wall Street firms that have given money have said they've received political pressure to contribute to the bailout of a business that under normal circumstances would have been left to fail.
So we have the POTUS going around wall street making speeches or what not regarding bad practice and shame on them.
Now we have a failing bank, that isn't even in the category of "Too Big to Fail" being bailed by this administration. This type of bank would have been allowed to fail normally and assumed control by FDIC....but such isn't the case if you have ties with Obama.
www.foxbusiness.com
(visit the link for the full news article)
