Obama Takes Heat for WH Meeting With Wall St. Execs

Tuesday, 21 Jun 2011 04:24 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama is drawing retroactive heat for a March 7 meeting with key political backers from Wall Street. Good government advocates and a Bush administration ethics official are after him, saying the gathering seemed to bring fundraising activity to the White House, Politico reports.

The controversy has arisen because the Democratic National Committee (DNC) invited the 20 or so Wall Street heavyweights who showed up to discuss financial policies. “It’s obvious that the DNC is going after these people for money, not just for their thoughts,” said Richard Painter, who served as White House ethics counsel for President George W. Bush from 2005 to 2007.

“I think that violates the spirit, if not the letter, of the Hatch Act,” the federal law limiting political activity and fundraising by federal employees, Painter said. “If that had been run by me, I would have said, ‘No. Have the meeting someplace else.’”


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved