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Burned by Obama: Wall St. execs feel betrayed
NY Post ^ | September 29, 2009 | CHARLES GASPARINO

Posted on 09/29/2009 3:13:06 AM PDT by Scanian

In the depths of the financial crisis last year, people like Morgan Stanley's John Mack, BlackRock's Larry Fink, Greg Fleming (then of Merrill Lynch), JP Morgan's Jamie Dimon and Goldman Sachs' Lloyd Blankfein were telling everyone that candidate Barack Obama was a "moderate," and moderation was what this country needed.

What a difference a year makes. They won't admit it in public -- but in private conversations, the top guys on Wall Street are feeling burned.

The guy who seemed like such a steady voice -- vowing to curb runaway spending and restoring order to the banking system and the economy as a whole -- is instead so driven to achieve his big-government policy goals that he and his policy people are ignoring their own economic advisers on the severe economic costs that his agenda will cause.

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


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: betrayal; bho44; communistcoup; dimon; lies; moderate; obama; wallstreetvote; whitehouse
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To: FreeAtlanta

As one old-timer said soon after the ‘87 crash when somebody mentioned that Wall Streeters were such “brilliant” guys: “Are you kidding? This is all they can do. If you shut down securities trading, they’d be on street corners playing 3 card monte.”


21 posted on 09/29/2009 3:38:18 AM PDT by Scanian
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To: Rennes Templar

My son’s High School newspaper ran the headline “Not the Change We Were Looking For”! LOL! High Schoolers have figured it out!


22 posted on 09/29/2009 3:38:37 AM PDT by panthermom
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To: Rennes Templar

We all knw that if his color scheme were different, or if he were a Republican, he would have been dragged through the mud long ago.


23 posted on 09/29/2009 3:39:49 AM PDT by Scanian
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To: Scanian

Indeed- and Valerie Jarrett has already brought us Van Jones and God only knows who else. Her leftist roots are deep and far reaching. That he is relying on her for policy in this nightmare is telling.


24 posted on 09/29/2009 3:40:04 AM PDT by SE Mom (Proud mom of an Iraq war combat vet)
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To: Scanian

It is the same. Worse really. Look at how Obama handled the $13 billion payout to GS. It went via AIG. Obama sent out his ACORN/Working Families people to protest at AIG execs homes in Fairfield county to distract from where the big money—billions—was going. Gasparino has been very upset over the public sentiment toward GS and JPM. He’s helping them out with this article...attempting to tell everyone that no....GS and JPM aren’t running Obama...he’s not doing what they want...he’s on OUR side...

yeah right..


25 posted on 09/29/2009 3:40:09 AM PDT by Brugmansian
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To: Scanian
"Burned by Obama: Wall St. execs feel betrayed."

"Welcome to the party pal." ...Someone cue John McClain (picture needed)

26 posted on 09/29/2009 3:40:58 AM PDT by Jmouse007 (Thank you)
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To: Scanian
Morgan Stanley's John Mack, BlackRock's Larry Fink, Greg Fleming (then of Merrill Lynch), JP Morgan's Jamie Dimon and Goldman Sachs' Lloyd Blankfein were telling everyone that candidate Barack Obama was a "moderate,"

Don't these companies have boards of directors? How can a boards of directors keep such incredibly stupid people in positions of authority?

27 posted on 09/29/2009 3:45:00 AM PDT by stevem
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To: Scanian
Sooooo...why do the markets keep going UP? Who's buying securitites? The government? Something smells with this whole thing.
28 posted on 09/29/2009 3:45:24 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Scanian

Why would moderation be what was needed? I don’t understand that mindset for Wall Street. Conservatism works best in every arena I thought.


29 posted on 09/29/2009 3:46:31 AM PDT by EmilyGeiger (The problem with socialism, is eventually you run out of other people's money. Margaret Thatcher)
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To: Scanian

You in bed with the dogs you’ll wake up with fleas.


30 posted on 09/29/2009 3:47:26 AM PDT by boomop1
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To: flowerplough

Ya have to wonder just how many stupids voted for this ass clown just because he has a pretty smile?


31 posted on 09/29/2009 3:47:47 AM PDT by Joe Boucher (google; operation garden spot and REX84 (FUBO))
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To: gusopol3
No wonder they got caught in a financial disaster, they couldn’t even figure Obama out. Was it because they allow their view of the world to be filtered only through MSM?

No, it is because they are infected with the same elitism as the politicians in DC are infected with. They think they are smarter than everyone else so when people start saying things that go against what they think, they ignore it and in some cases actually get mad about it, "How dare they tell ME what to think, peasants!"

32 posted on 09/29/2009 3:51:07 AM PDT by calex59 (FUBO, we want our constitution back and we intend to get it!)
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To: boomop1

Fleas can be fixed.... hopefully before their disease spreads.


33 posted on 09/29/2009 3:59:28 AM PDT by Broker (Pakikisama)
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To: Scanian

Burned by Obama: Wall St. execs feel betrayed

Welcome to knowing what it feels like to be an American.


34 posted on 09/29/2009 4:01:30 AM PDT by SECURE AMERICA (Proud to have made Communist Leader Obama's hit list at flag@whitehouse.gov)
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To: Scanian

vowing to curb runaway spending and restoring order to the banking system and the economy as a whole —

And they believed this crapola???? No wonder everything went swoosh down the tubes!

These people couldn’t find their butts with both hands apparently. Zero was NEVER a moderate. EVER. He told you he was going to fundamentally change things. He told you the rich were going to pay and pay some more and he told you what he was going to do.

What part of that did they not understand?


35 posted on 09/29/2009 4:01:40 AM PDT by Adder (Proudly ignoring Zero since 1-20-09!)
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To: SE Mom

Ah yes, Valerie. The genius at providing pleasant, “affordable” housing to people in need. I’m sure we’ve all seen the photos.


36 posted on 09/29/2009 4:03:23 AM PDT by Bahbah (Only dead fish go with the flow)
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To: MeneMeneTekelUpharsin
[Sooooo...why do the markets keep going UP? Who's buying securitites? The government? Something smells with this whole thing.]

As a money manager myself (not with a big firm - and one who didn't vote for this clown) the thing driving the market is liquidity. There is so much cash on the sideline that some of it coming into the market is what is driving this.

Amazingly, far more money has gone into corporate bonds in the last few months than into US stock funds.

A second reason: you can easily graph the fall in Obama’s ratings versus the Dow. They perfectly correlate inversely.

Charlie Gasparino, for those that watch CNBC, has been almost as negative towards Obama as Rick Santelli. To think he is carrying Goldman's and Morgan's water is laughable. He is critical of them as well, when it is appropriate.

37 posted on 09/29/2009 4:05:04 AM PDT by LRoggy (Peter's Son's Business)
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To: MeneMeneTekelUpharsin

I wasn’t in the stock market... until I saw it crash.

Then I put a big chunk of money in on AIG, Citigroup, and Bank of America.

Why?

‘Cause after the government bailed them out, it *AIN’T* letting them fail... not with that kind of money on the line. The political backlash would be catastrophic.


38 posted on 09/29/2009 4:12:35 AM PDT by gogogodzilla (Live free or die!)
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To: gogogodzilla

The government can’t control things any more without causing financial catastrophe (i.e. hyperinflation). You’re going to lose your butt.


39 posted on 09/29/2009 4:14:25 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

Maybe they’re using all that stimulus money to stimulate the market until they decide it is time for another crash.


40 posted on 09/29/2009 4:16:32 AM PDT by Josephat
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