New Banking Crisis In The Works

Discussion in 'Current Events' started by mudwhistle, Apr 21, 2010.

  1. mudwhistle
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    mudwhistle Diamond Member

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    The next banking crisis is being orchestrated by the Obama White House.

    Obama's new push is to punish banks...Goldman Sachs to start with.

    Somebody explain how this helps job growth. Isn't that the biggest problem in the economy today? To many are ether collecting unemployment or simply giving up on trying to find a job. Everyone knows someone who lost a job in the last couple of years but Obama doesn't seem to care. He's focusing on health care....and having done that he's after banks now.

    A funny thing has been happening. Big banks are getting bigger and small banks are closing their doors. Is Obama really for the little guy or is he just using Marxist rhetoric to cause one crisis after another to help his friends and takeover more and more of the private sector*. He did receive over $900k in campaign donations from Goldman Sachs.....why would he try to prosecute them in the headlines yet tell them behind the scenes that all of this "Fat-Cat" talk is gonna help them in the long run. That is what he's doing folks.

     
  2. California Girl
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    California Girl BANNED

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    Cloward Piven anyone?
     
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  3. Madeline
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    Madeline BANNED

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    mudwhistle, if Goldman Sachs did what it has been alleged they did, they deliberately uprated failing mortgage securities and pandered them to clients, causing losses in excess of $1 Billion. If pursuing wrong-doing on that scale is unwise, I'd love to hear your reasoning for this. In my view, if this occurred, several GS executives need to go to federal prison...civil judgments are not enough.

    As for the size of banks, the mergers being complained of now occurred during the Bush administration or before. The three biggest -- Citigroup, Bank of America and J.P.Morgan -- were absorbing smaller institutions throughout the 1990's and beyond. Citigroup itself is a result of mergers between Citicorp and Travelers in 1998, under Clinton.

    Obama does need to tackle the question of breaking up the megabanks, but it is not true that he designed them.
     
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    Last edited: Apr 21, 2010
  4. Gatekeeper
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    Gatekeeper Senior Member

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    So far, 'King Obama' is playing all of us like a fine violin. Many of us suspect, and know, what his real agenda is, and yet he continues to tighten the noose around our American freedoms without restraint. Those of us who are concerned are labeled with derogatory names, and calling us a 'threat to society and government officials', what they really are afraid of, is a threat to their evil agendas and positions.
     
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  5. GilbertArizona
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    GilbertArizona BANNED

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    Given a choice between Obama's Maxist treatment of banks and Bush's financial bank bailout, personally I'll take the former.
     
  6. Madeline
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    Madeline BANNED

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    I'll bite. What is the 'real agenda" and how does prosecuting wrong-doers at Goldman Sachs fit into it?
     
    Last edited: Apr 21, 2010
  7. Oddball
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    Oddball BANNED Supporting Member

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    The "wrong-doers" at Goldman Sachs will never see the inside of a courtroom.

    This is just more Kabuki theater from the Boyking empire.

    You heard it here first.

    Bookmark this post.
     
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  8. Gatekeeper
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    Gatekeeper Senior Member

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    Oh! Sorry, Obama does one thing right with regards to GS, after screwing this nation into the ground, and all is forgiven? I think NOT. And you ask, "What is the 'real agenda'? OMG, you really have no clue do you? :eek:

    I am sure as heck not going into pages of dialog to explain that.
     
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  9. California Girl
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    California Girl BANNED

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    :clap2::clap2::clap2:

    Ladies and gentlemen, that is how to address a situation with honesty. Don't pretend what Obama does is not socialist.... accept it and defend it... If you want a society based on 'social justice' great - be open and up front.

    Personally, while I disagree with Gilbert, I respect his honesty.
     
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  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Emperor Bloomberg continues to plead with Obama and his Congressional Delegation not to kill the banking industry that is so vital to NYC!

    Also, if derivatives trading becomes totally transparent on an open exchange, traders will no longer need Bloomberg machines.
     
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