The Myth that Obama’s Taking Huge Contributions from Wall Street Was Fine

A very good decision.

Justice League

Professor Bill Black is now Sen. Bernie Sanders’ economic adviser. Bravo!

By William K. Black
April 7, 2016     Bloomington, MN

I am now officially an economic advisor to Senator Sanders, and this column reflects some of that advice.  Part of my advice is not to take money from Wall Street felons.   (I am not taking credit for Bernie’s decision — at most I supported a decision he had already made over a year ago.)  One of the reasons I reinforced Bernie’s decision was witnessing the problems President Obama experienced given his taking very large contributions from Wall Street.  I channeled the prescient warning that Professor Thomas Ferguson (U. Mass, Boston) gave a group of us in 2008.  He predicted, accurately, that Obama would not lead an effective crackdown on the endemic fraud by Wall Street elites that caused the financial crisis.  Tom (he is a personal friend) is the…

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