George Clooney is in the news for a blistering tirade against a prominent hedge fund manager who is throwing his weight around the movie industry.
In the tirade, Clooney contrasts the Hollywood film industry with the hedge fund industry and makes a very cutting observation:
Fortunately, this business is run by people who understand that the movie business ebbs and flows and the good news is they are ignoring his calls to spin off the entertainment assets. How any hedge fund guy can call for responsibility is beyond me, because if you look at those guys, there is no conscience at work. It is a business that is only about creating wealth, where when they fail, they get bailed out and where nobody gets fired. A guy from a hedge fund entity is the single least qualified person to be making these kinds of judgments, and he is dangerous to our industry.” <source>
The question I have for George Clooney is whether he knows that it was Barack Obama who made sure Wall Street firms never missed a bonus or fired anyone even though they had just plunged the world into financial ruin in 2008?
Not only that, Obama failed to reform Wall Street firms and their dangerous conduct despite having a Democratic-controlled Senate and House of Representatives for his first two years in office (2008 – 2010). Does George know this about his favorite president?
Do you care, George, that Obama (D), Pelosi (D), and Reid (D) gave Wall Street criminals a free pass during the two years they controlled the United States government?
(P.S.: you might want to learn the difference between “hedge funds” and Wall Street investment banks, for it was the latter who received the bailouts, not the former — but no matter, I’ll settle for you holding Obama accountable. Which you won’t.)