The friction between the Black Caucus and Obama escalated when Waters berated the administration for failing to rework a business loan from Goldman Sachs to the Inner City Broadcasting Corp. Inner City is run by Pierre Sutton, son of Percy Sutton, the longtime media giant in the African-American community. Two weeks after she raised the issue in a meeting with Treasury Secretary Timothy Geithner and Emanuel, Goldman saw the light and restructured the loan.
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