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 ...
Risk-taking is only a problem if the risk-taker is insulated from its consequences.
“Risk-taking is only a problem if the risk-taker is insulated from its consequences”
How true.
We are going to become a nation of 1/2% interest rate for everyone except the wealthy will get to buy financial vehicles which has little risk and great returns.
Welcome to the Proletariat.
What a clueless tool.
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. :)
I'm sure if you dig, most of the rest of them have done it, too. What's going on in America today is that if you're a Democrat who's ever been in a position of high influence, you go to the Wall Street banks, get a job there, get paid a huge amount of money for doing NOTHING, and Bob's your uncle, you're a rich man (or woman). Then you turn around and excoriate Wall Street for its greed and corruption.
I hate these people more every day. My "I hate liberals meter" is getting a bent needle.
....so government will now play the dominant role???
Call for REFORM in 2010 - 2012!!!!!!!!!!!!!!!!!!!!
“....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. :)...”
I wish I could agree with you...but these are the same voters who put Bill back into office a second time..as long at O plays the cass warfare card he will always get a bunch of folks to think he’s wonderful...
More info here:
http://www.freerepublic.com/focus/news/2215150/posts
Rahm Emanuel’s profitable stint at mortgage giant [Freddie Mac]
Better Wall Street than 0bama’s one way street to destroying the country.
WTF does Rahm Emanuel know about banking?Nothing nor does obama the financial failure team in action.
Can't people come up with enough solid evidence of fraud and corruption to send them to trial, convict them, remove them from office and JAIL these idiots for the rest of their lives?
The typical 0bama voter is not going to like this.
I’ve always said he was a communist.
OMG, you're right!! I had forgotten about that!
Do all us FReepers feel safer knowing that Obama believes that he (the government) can eliminate the risks in our lives?
Of course. The Kremlin Obama administration will be calling the shots going forward.
I'm not sure people have yet to understand that the Wall St vs Main St thing is all about conditioning them to hate corporations and free enterprise. They still think Big Pharma is screwing them and they still think Big Oil is screwing them or will in due course (yes, they totally ignore that as the price of oil dropped off a cliff so did gas). As long they continue to buy into this Big <blank> BS and continue to say, "there oughta be a law/the government has to do something about this," Obama and his ilk will be successful in destroying our system.
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