Will The Treasury Department Change Under Obama?

There are 13 former Goldman Sachs directors running the Treasury Department and the NY Fed. For the last five years, Goldman Sachs has been, by far, Obama’s largest campaign contributor. Jim Johnson, who sits on the Goldman Sachs board, was a chief Obama campaign advisor before he was busted for his sordid Countrywide deal. Warren Buffet, who owns a $5 billion stake in Goldman Sachs was another Obama advisor. Robert Rubin, a former Co-Chairman of Goldman Sachs was an Obama financial advisor. Other Obama advisors include JPM’s Jamie Dimon, who in the last 6 months has received $213 billion from the Fed and Paulson, and Timothy Geithner, the engineer behind the Bear Stearns/JP Morgan deal.

So, what’s the chance that the Treasury Department will see much change under Obama?

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