Tuesday, August 25, 2009

Obama golfed with UBS President today


What, was Robert Rubin not available? It's no wonder the US gets shafted so badly by the banks when the President and Treasury is so chummy with that crowd:

One of President Obama's golfing buddies Monday was a top donor to his campaign and the president of a bank at the center of a U.S. investigation into illegal tax shelters.

Robert Wolf, the president of UBS Americas, a Swiss-based bank, joined Obama at the elite, and difficult, Farm Neck Golf Club in Oak Bluffs. Deputy press secretary Bill Burton described the two men as "friends."
This does explain a few mysteries about the soft handling of the banks who trashed our global economy.

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