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Obama: Wall Street Will Play Less Dominant Role
foxnews.com ^

Posted on 05/03/2009 4:54:38 AM PDT by jersey117

Wall Street is not going to play as dominant a role in the economy, president says. WASHINGTON - Wall Street is not going to play as dominant a role in the economy as regulations reduce "some of the massive leveraging and the massive risk-taking that had become so common," President Barack Obama says.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Front Page News; US: New York
KEYWORDS: agenda; bho44; economy; obama; second100days; socialism; wallstreet
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To: jersey117

The brown clown has perpetrated one of the biggest cons the world has ever seen.


21 posted on 05/03/2009 5:20:12 AM PDT by RU88
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To: jersey117

22 posted on 05/03/2009 5:20:29 AM PDT by Diogenesis (Igitur qui desiderat pacem, praeparet bellum)
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To: jersey117

And we have four more years of this arrogant, leftist nonsense ahead of us...


23 posted on 05/03/2009 5:23:27 AM PDT by snowsislander (NRA -- join today! 1-877-NRA-2000)
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To: Diogenesis

Good one.


24 posted on 05/03/2009 5:24:57 AM PDT by freekitty (Give me back my conservative vote.)
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To: conservativehusker; Diana in Wisconsin
We’re so screwed...but, I feel a slight tremor under my feet. Joe and Jane Six-pack aren’t going to take much more

We're so screwed because any tremor you feel from the Six-packs will be too late. It's probably already too late. Shanikadinka Acorn and her man T-Dawg don't have investment portfolios so couldn't care less.

25 posted on 05/03/2009 5:25:30 AM PDT by bgill (The evidence simply does not support the official position of the Obama administration)
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To: jersey117

The way I see it it this:

GM will become Government Motors with two divisions - Fatsler, and Bucachev. They will require all employees to buy their worthless government built junk cars. By that, everyone will know who the employees are. GM will not be able to sustain themselves on their employees alone and eventually will cease to exist.


26 posted on 05/03/2009 5:25:38 AM PDT by chainsaw (If you think health care is expensive now, wait until you see what it costs when it's free! -- P.J..)
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To: jersey117

Look on the bright side. Most of those idiots on Wall Street contributed to this guys’s campaign. Serves them right. Too bad that we are stuck with him too!


27 posted on 05/03/2009 5:27:14 AM PDT by Lucius Cornelius Sulla ("men of intemperate minds cannot be free. Their passions forge their fetters." -- Edmund Burke)
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To: chainsaw

28 posted on 05/03/2009 5:29:04 AM PDT by Diogenesis (Igitur qui desiderat pacem, praeparet bellum)
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To: BallyBill

Less Wall Street, more Lenin...
thus it was said by Chairman Obama from the commanding heights.


29 posted on 05/03/2009 5:31:22 AM PDT by dogcaller
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To: jersey117

Translation: “Wall Street, you better cough up big for Democrats in 2010 and for me in 2012 if you want us to stay off your back.”


30 posted on 05/03/2009 5:33:01 AM PDT by randita
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To: jersey117
Wall Street will play less dominant role.

So I wonder how far the stock market will drop tomorrow on this announcement -- it seems like nearly every time Obama opens his mouth, the market tanks.

31 posted on 05/03/2009 5:34:04 AM PDT by Fast Moving Angel (There are no points for second place.)
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To: Fast Moving Angel

Wall Street will move to Switzerland or some other country not subject to Obama’s communist rules.

All of the jobs will also move out of the country.

This guy is more dangerous than Lenin, Stalin, Castro and Chavez!

Just wait until the constitution to eliminate term limits is changed to allow Obama to become President for life.


32 posted on 05/03/2009 5:41:04 AM PDT by ethics
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To: jersey117

Now we know why Air Force 1 was terrorizing the Goldman Sacs building and all of Wall Street last week.

A ‘dry run’?


33 posted on 05/03/2009 5:54:48 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Dahoser
Read Karl Marx.

First, get control of the financial system.

Get control of industry.

Divide the classes. Teach those with less that the reason they have less is that the upper class is stealing from them.

That said, the idea of controlling Wall Street is the most stupid of Obummer, the Marxist's, ideas. Wall Street will move to London. As you know, London has already become the world's financial center for many things, primarily new issues because of the recent restrictive legislation in the US.

So Wall Street will move to London. The irony of that is that Wall Street and NY elected Obummer, the Marxist, and Wall Street is a cash cow to NY.

So both the Wall Street Whiz Kids and NY will get the kick in the ass they deserve.

Now that is our dream. But it is not reality. The reality is that what Obummber, the Marxists, says is always a complete 180 degrees from what he does.

Please note that Obummer, the Marxist, who campaigned on helping the little man has done nothing for the little man.

All of the billions that has been spent so far has been for the benefit of the Wall Street Whiz Kids, the big banks, etc.

The reason Warren Buffet and his likes think Obummer, the Marxist, is doing the right thing is that they have lost billions in the bubble's burst and they are desperate for bail out money.

Think about it. All of the big bucks have been spent on the very people Obummer, the Marxist, rants about being evil. His cabinet is staffed with people from those financial organizations. It is all smoke and mirrors to get the little man to vote for him, and like sheep they will.

34 posted on 05/03/2009 5:56:01 AM PDT by old curmudgeon
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To: jersey117

The link is going to the comments section of the article. You might want to post the link to the article in the thread. Just a head’s up.


35 posted on 05/03/2009 5:57:54 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: conservativehusker
“..as long at O plays the cass warfare card he will always get a bunch of folks to think he’s wonderful...”

I agree with you, and think that it's time this ‘war’ was officially recognized by all involved in it, or affected by it. Like the war with Al Queda et. al., this ‘war’ has been ongoing for a long time, but we have just not officially recognized it. There are a lot of resentful, vengeful people out there who want to bring down those ‘uppity’ people who have more than them. They vote for this, and they have the MSM on their side. It's time to call it, and fight back.

36 posted on 05/03/2009 6:05:42 AM PDT by pieceofthepuzzle
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To: jersey117

Wall Street financed about 50% of this jerks run... do you think they will give to him again... One term marxist muzzie with big ears.

LLS


37 posted on 05/03/2009 6:06:17 AM PDT by LibLieSlayer (hussein will NEVER be my President... NEVER!!!)
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To: jersey117

I hate to break it to you, Obuttboybama, but Wall Street IS the free economy. If Wall Street declines it can mean only one thing. Government grows. Its called communism.


38 posted on 05/03/2009 6:07:18 AM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: Hardastarboard
just read yesterday that Rahm Emanuel had a brief career as an investment banker. WTF does Rahm Emanuel know about banking?

Rahm made $19 MILLION during his short time on Wall Street. He wired the state bond deals and reaped the harvest.

39 posted on 05/03/2009 6:08:31 AM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: LibLieSlayer
This would not have happened if Wall Street were still dominated by WASP culture. Times have changed and political interests have shifted. Wall Street is killing itself with unbridled greed that is not based on the Golden Rule or any other traditional ethic. It is, today, a feeding frenzy of greed and government intertwining that inevitably leads to collapse.
40 posted on 05/03/2009 6:11:16 AM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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