Fight it fiercely. Now.
Posted on 01/21/2010 8:48:31 AM PST by DCBryan1
Obama Proposes New Curbs On Banks' Size, Risk-Taking Published: Thursday, 21 Jan 2010 | 11:43 AM ET Text Size By: Reuters President Obama on Thursday proposed new limits on the size and trading practices of big banks, saying he wanted to prevent a return to the "old practices" that led to the financial meltdown.
"While the financial system is far stronger today than it was one year ago, it is still operating under the exact same rules that led to its near collapse," Obama said in a statement.
The curbs, which are broad and would require congressional support, are part of measures to revamp the country's financial regulatory system.
(Excerpt) Read more at cnbc.com ...
If the Obumbler wants to point fingers at the problem, he ought to start with FannieMae and FreddieMac. But, no, those are run by dems and thus can’t be faulted.
-210 and falling...
If the Obumbler wants to point fingers at the problem, he ought to start with FannieMae and FreddieMac. But, no, those are run by dems and thus can’t be faulted.
Nice to know he still has The Touch...
The damage these people are doing is fast and furious. I hate the thought that the election is so far away. What will be left of our nation?
he is trying to bankrupt us and send us into a depression ... he is going to destroy us. That is his goal...
He is a communist at best...
Despite the lose the other day, Husssein continues to show the American people he is working hard to keep his agenda on course...
“is actively trying to destroy wealth, innovation, and savings.”
+100
It was dropping 10 points every 30 seconds of his speech. They had market ticker inserted while Zero was speaking
Fight it fiercely. Now.
every time this guy shows up for the party, it goes sour.
Whatever Obama does will be the wrong thing to do. However, I won’t cry any tears over anything that happens to Goldman Sachs. Of course, nothing really bad will happen to GS. It’s practically a revolving door between GS and lucrative government jobs.
This is not capitalism. It is crony capitalism.
CNBC hosts going berzerk on the "Marxism", "Leftists" anti-bank ideology that will serve only one purpose: destroy the wealth of the citizens, and health of the economy.
Obama, methinks, is worse of a threat to America than Soviet nuclear weapons ever were.
If ZerO were serious he would be campaigning against the re-election of Bawney, Rangel, Waters, Schumer and the rest of the Marxist crowd.
re: financial system is far stronger today than it was one year ago
I am a real dummy when it comes to things financial. But even with my limited grasp of the subject I sense that this claim is BS, pure and simple.
We are a trillion dollars or more deeper in debt than we were a year ago. And just that much further away from handling such an oppressive debt load.
i think it will get worse
This guy is nuts. He thinks he’s punishing the banks and forgets about all the non-fat cats — the paycheck to paycheck employees — clerks, secretaries, tellers etc. Tens of thousands of people employed at banks across the country. After the collapse, thousands lost jobs.
Wow!THAT was “unexpected”!
Must be time to blame Bush again.......or cry “RACIST!”.
Damn, just damn.
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