zer0’s own ACORN A-holes forced banks with the backing of the A-holes on the left in congress, to give mortgages to those who were unable to pay them back...and this POS has the nerve to blame wallstreet and the banks for the problem...
I reiterate
Posted on 09/14/2009 11:37:39 AM PDT by pissant
President Barack Obama sternly warned Wall Street against returning to reckless and unchecked behavior that had threatened the nation with a second Great Depression.
Even as he noted the U.S. economy and financial system were pulling out of a downward spiral, Obama warned financial titans on Monday - the first anniversary of the Lehman Brothers collapse - they could not count on any more bailouts.
He credited his administration and the $787 billion stimulus package rammed through Congress in the first days of his taking office for pulling the country back from the brink.
"We can be confident that the storms of the past two years are beginning to break," he said.
And even as the economy begins a "return to normalcy," Obama said, "normalcy cannot lead to complacency."
Nevertheless, Obama said, "Instead of learning the lessons of Lehman and the crisis from which we are still recovering, they are choosing to ignore them."
His tough message warned the financial community to "hear my words: We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses."
"Many of the firms that are now returning to prosperity owe a debt to the American people," the president said. "They were not the cause of this crisis, and yet American taxpayers, through their government, had to take extraordinary action to stabilize the financial industry...It is neither right nor responsible after you've recovered with the help of your government to shirk your obligation to the goal of wider recovery, a more stable system, and a more broadly shared prosperity."
(Excerpt) Read more at cbsnews.com ...
Errrr... that was all caused by Democrats meddling in the free market by forcing increased quotas of subprime loans.
HAHAHA YOU GOT TO BE KIDDING
It’s more like who has stolen more money.
NEWSFLASH to Barry ZERO:
It’s you clowns in DC who set the conditions for Wall Street’s meltdown.
Fix your own house before you go poking around in someone else’s house.
SHOTS...*lol*...shoots it sound better
[”We can be confident that the storms of the past two years are beginning to break,” he said. ]
Can we quote you on that, Bucko? All I see is a stock market pumped with Monopoly money and consumers hunkered down as we wait for the banking system to crash again.
zer0’s own ACORN A-holes forced banks with the backing of the A-holes on the left in congress, to give mortgages to those who were unable to pay them back...and this POS has the nerve to blame wallstreet and the banks for the problem...
I reiterate
Same with the SOTU the other night and his scolding of the Repubs.
The real story here is how his numbers on the far left have tanked.
Code for redistributing the wealth. He will tax and punish Wall Street investors to the point where they will have to quit. I expect they will all head for foreign markets, as will all the money that used to fuel this American economy.
If only this poser was as tough on our real enemies as he is on our capitalists
Anybody have access to stock market movements during and since his speech?
they're shaking in their wingtips, prez.
I’ll give Obama credit for having more gall than any pol ever to inhabit a place under a rock in Washington. The feds, with the help of Marxists like Obama, pump billions if not trillions of bad money into the system via the CRA and the FM’s, and then Obama has the nerve to blame private industry for the subsequent disaster. Unmitigated gall.
(raises hand) I know, I know! Seems like a tough call on the surface, there's lots of waste to go around.
The guys on Wall Street have enjoyed the fruits of their labors (even when that 'labor' is a giant ponzi scheme) pocketing great sums for their brilliance while their support staff and investors don't do so swimmingly well.
BUT - the guys in DC have definitely squandered more, wasting it on their pet projects, even while profiting off the market.
At least the Wall Street guys had paid employees who benefited from employment and the whole trickle down effect (even if it was a mere trickle). Sure, DC d-bags have partaken of the economy but their projects don't always yield a return, just the need for more cash.
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