File this under “Who could have predicted?” President Obama’s White House Chief of Staff, William Daley, told the nation he didn’t think it was appropriate for a President to recommend criminal prosecutions for the banksters whose reckless behavior and massive fraud brought down the entire financial system, looted their own companies, defrauded thousands of investors and who are still engaging in fraudulent manipulation of the mortgage/foreclosure system.
|By: Scarecrow Sunday March 6, 2011 5:00 pm|
|By: Jane Hamsher Friday January 7, 2011 9:30 am|
Toby Harnden at the Telegraph says John King says that Gibbs got the boot because Daley didn’t want him around. I think I was one of the first to report on the pending White House shake-up back on December 9 on MSNBC, and again on FDL on December 20. But you didn’t have to be exceptionally wired in to see that the President had lost confidence in Gibbs.
|By: Jon Walker Thursday January 6, 2011 1:05 pm|
From a purely political perspective the optics of this choose are just terrible.
And yet the truth is that Obama has made a Wall Street banker his top adviser even though a plurality of voters blame their current economic hardship on Wall Street bankers.
|By: David Dayen Thursday January 6, 2011 9:35 am|
Former Commerce Secretary and current JP Morgan executive Bill Daley will step in as the White House Chief of Staff, according to multiple reports. The man who will take over the key position managing the White House opposed pushing forward on health care in 2010, opposed the Consumer Financial Protection Bureau, believed the Administration should move to the right in late 2009, joined the board of Third Way and worked for the Chamber of Commerce at eliminating post-Enron accounting regulations.
But the “business community” likes him, so that’s something.
|By: David Dayen Tuesday January 4, 2011 7:50 am|
William Daley, an executive at JPMorgan Chase, the former Commerce Secretary under Bill Clinton and the brother of longtime Chicago mayor Richard M. Daley, is under consideration to be the next White House Chief of Staff. This would mean that the man who was a mentor to Rahm Emanuel would get the job vacated by Rahm Emanuel, because Emanuel left to seek the job vacated by Daley’s brother.