Stephanie
Diamond Member
- Jul 11, 2004
- 70,230
- 10,864
- 2,040
another reason to vote the Progressive (commie) out.
links in article at site
SNIP:
Obama on Leno: These banks are profit-seekers, which is precisely why we need to regulate them
posted at 5:21 pm on October 25, 2012 by Erika Johnsen
Our president made his fifth visit to the Tonight show with Jay Leno on Wednesday evening, and for me, one of the most painful moments of the interview came when the president yet again paraded his woefully inept and downright disquieting economic sensibilities by once more heaping blame on Everybodys Favorite Financial Crisis Scapegoat, big finance. Stay with me, cause Im running through this one line-by-line:
Theyve learned that I keep my promise to make sure that they pay back every dime with interest, which they have. We passed Wall Street reform, which they fought tooth and nail. But, what it did was is it made sure that they cant make some of these same reckless bets.
One of the biggest drivers of the financial crisis was the federal government creating artificial, politically-driven incentives that moved these financial institutions to even make these reckless bets. Finance isnt blameless, but how is more government involvement and control a desirable idea?
Theyve got to keep more capital so that if they make a bad bet, taxpayers dont pick up the tab.
Yes, Mr. President because of all people, youre in a wonderful position to make sure taxpayers dont pick up the tab of poor decision-making. (Ahem, stimulus, bailouts, green energy boondoggles, trillion-dollar yearly deficits, cough cough).
Im from the government, and Im here to help. Please, save us.
all of it here
Obama on Leno: These banks are profit-seekers, which is precisely why we need to regulate them « Hot Air
links in article at site
SNIP:
Obama on Leno: These banks are profit-seekers, which is precisely why we need to regulate them
posted at 5:21 pm on October 25, 2012 by Erika Johnsen
Our president made his fifth visit to the Tonight show with Jay Leno on Wednesday evening, and for me, one of the most painful moments of the interview came when the president yet again paraded his woefully inept and downright disquieting economic sensibilities by once more heaping blame on Everybodys Favorite Financial Crisis Scapegoat, big finance. Stay with me, cause Im running through this one line-by-line:
Theyve learned that I keep my promise to make sure that they pay back every dime with interest, which they have. We passed Wall Street reform, which they fought tooth and nail. But, what it did was is it made sure that they cant make some of these same reckless bets.
One of the biggest drivers of the financial crisis was the federal government creating artificial, politically-driven incentives that moved these financial institutions to even make these reckless bets. Finance isnt blameless, but how is more government involvement and control a desirable idea?
Theyve got to keep more capital so that if they make a bad bet, taxpayers dont pick up the tab.
Yes, Mr. President because of all people, youre in a wonderful position to make sure taxpayers dont pick up the tab of poor decision-making. (Ahem, stimulus, bailouts, green energy boondoggles, trillion-dollar yearly deficits, cough cough).
We put in place this consumer advocate that will work with families all across the country on things like mortgages, credit cards, payday loan operations, so that people have more information and they dont get tricked into bad financial deals.
Im from the government, and Im here to help. Please, save us.
all of it here
Obama on Leno: These banks are profit-seekers, which is precisely why we need to regulate them « Hot Air