Yes. It is a stunt.
Obama has no intention of having the big Wall Street Banks follow prudent laws. They own him, as do the insurance companies. They get fascist privileges into your wallet, what ideologues call “freedom.” But to protect Democratic branding, Obama needs to pretend to care about the people. The media won’t call him on it because they don’t want to say he is a liar. They still believe.
Most Republicans are in the business cult and cannot fathom that eeevil “regulations”, especially for banks that have a license to invent money, might be the prudent thing to do. If they admit otherwise, their ideology falls apart, and they are exposed as no less purchased as the Democrats.
Capiche?
What do the bankers and insurance companies owe to Obama? Explain how the big banks and insurance companies get to take money out of my wallet. You are making some wild accusations, but you are not backing them up with a well crafted argument.
I concur that Obama does not care about the people. He is trying to grab power for the federal government.
Most Republicans are in the business cult and cannot fathom that eeevil “regulations”, especially for banks that have a license to invent money, might be the prudent thing to do.
Please explain how more regulations might be the prudent thing to do? If we had less regulations, then there would be no such thing as "too big to fail" and the market would punish poor decision makers.