Posted on 05/22/2010 2:13:23 PM PDT by Justaham
Wall Street executives say language in the Senate financial reform bill dealing with derivatives is like a horror movie slasher — repeatedly left for dead, only to rise again and again.
The move to force banks to spin off their derivatives desks could by some estimates slice 20 percent off Wall Street profits. Now, some executives say that if the language survives, there will almost certainly be consequences in terms of Wall Street support for Democrats in the midterms and President Barack Obama’s reelection campaign.
(Excerpt) Read more at politico.com ...
They supported the Moronic Marxist Messiah and his stooges...now they don't want to suffer the consequences.
If they slash the language to get the Wall Street campaign money, they will lose a large chunk of their base. What to do? What to do?
Don’t believe it. They’ll still vote Democratic. They’ve been programmed that way.
I suspect GS is still thrilled to running the Fed, Zer0, Dodd, and B. “Fannie” Franks.
to —> to be
What are they complainin’ about. It’s only a few more economic czars: Obama’s U.S.S.R., “you’ ass is ours.”
They’ll vote whatever is beneficial to them. The derivatives racket is ruining us.
It’s amazing how effing stupid these geniuses have been.
Obama is right on this one. Get banks out of the ponzi scheme that is derivatives. Let investments stand on their on merits.
It amazes me. I’m in that industry and we run maybe 25-1 conservative. Its the guys that make the absolute freaking fortunes that pour money into liberals out of some sense of guilt. I’d like a chance to feel that guilty.
Yup. The derivatives and their obscene obsession on investing heavily on thin air is bad!
The list, ping
It’s amazing to me how politically dim-witted Wall Street is. Really, really DUMB people.
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