Why did Obama keep Timothy Geithner and Lawrence Summers on staff when they helped lay the groundwork for the financial crisis? Robert Scheer argues that it wasn’t out of ignorance, but out of convenience—both in terms of avoiding controversy and continuing to receive Wall Street’s financial support.
"I think Obama betrayed us," Scheer says as a guest on The Dylan Ratigan Show. According to Scheer, similar motivations are behind Obama’s hesitation to appoint Elizabeth Warren to head the new Consumer Financial Protection Bureau.
Robert Scheer is the author of The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street (Nation Books).