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Obama Says ‘Systemic Risk’ Still Exists in Financial Industry
Bloomberg
| 22 March 2009
| Hans Nichols
Posted on 03/22/2009 6:36:54 PM PDT by WellyP
March 22 (Bloomberg) -- President Barack Obama said that systemic risk still exists in the financial industry while insisting the dollar is still strong because U.S. Treasury bills are a safe investment..."
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4x8rOisPT0k&refer=home
TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: bho44; bhoeconomy; obamadollarstrong
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To: Ancient Drive
do you suppose Obama even knows what a “systemic risk” is?? I suspect his definition is quite different from most others.
21
posted on
03/22/2009 7:01:31 PM PDT
by
elpadre
(nation)
To: WellyP
Soros is shorting the dollar! I smell a DemoRAT!
22
posted on
03/22/2009 7:04:20 PM PDT
by
WellyP
(obama must go!)
To: WellyP
To a communist, there are no systemic risks, only systemic opportunities.
To: WellyP
I understand the idea behind lowering the dollar. It increases exports because the customer gets excellent products at a lower cost. what Obama and Tiny Tim don't understand is, no one has money to buy anything and lowering the value of the Dollar increases the cost of oil! As a result, the American people have to spend more for energy, which goes to Chavez and the Arabs.
Is Bambi paying back the Arabs for funding his questionable education? No, he can't think that far out of the box but Soros can!
24
posted on
03/22/2009 7:11:19 PM PDT
by
WellyP
(obama must go!)
To: WellyP
Systemic Risk? Its effing insolvent.
25
posted on
03/22/2009 7:14:15 PM PDT
by
Candor7
(The weapons of choice against fascism are ridicule, and derision. (member NRA)
To: yldstrk
“he doesnt know systemic from a hole in the ground”
Since systemic risk always exists, you are quite correct. Add this non sequiter to his “profits and earnings ratio” idiocy.
26
posted on
03/22/2009 8:10:48 PM PDT
by
SaxxonWoods
(Charter Member, 58 Million Club)
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