FOX NEWS SUNDAY (Fox Network): White House press secretary Robert Gibbs
Nice hair buddy!
Gibbs talking about the policy Obama outlined...mmm__seems to me that policy was described as vague
Obama Picks Populist Fight by Taking on the Big Banks
http://www.freerepublic.com/focus/f-news/2435582/posts
The President did not offer specific remedies for the main source of public ire toward the banks - the executive bonuses that Mr. Obama yesterday labelled as “obscene.” And the rules unveiled by the President raised as many questions as they answered.
Still, the proposals do not appear to prohibit banks from trading in the same kind of risky financial products on behalf of clients.
As a result, Mr. Obama’s move yesterday “is the kind of thing the public, in its anger at the moment, will buy without really understanding what it means,” offered Lawrence Baxter, who also a professor at the Duke law school. “But it may not have the effect they’re looking for, which is greater safety and soundness in the financial system,
because it was the underlying financial products, not the trading practices, that were the problem.”
How on earth does Chris keep from puking all over that gasbag?
And what’s that stupid purple bracelet he’s wearing?