Xinhua recently published an article by its Washington DC reporter on the relationship between Wall Street and Washington. Wall Street made a fortune in 2009 and the average income increased by 18%. The Obama administration is feeling really uneasy about this and his approval rate is sliding. Although the Wall Street “fat cats” are responding with lowered cash payments to their employees, the Whitehouse is actually the “Tom” in the cat-mouse game. The article pointed out that there is no fundamental conflict of interest between the two. “Jerry” is largely working with “Tom” for a PR show.
Source: Xinhua, January 24, 2010