Obama To Wall Street: "I Do Think At A Certain Point You've Made Enough Money"

[DiamondDave]

"I Do Think At A Certain Point You've Made Enough Money"

Bill Gates and Warren Buffet reached the same conclusion

But funny.. government nor government officials came to that conclusion FOR them

 

[The T]

RealClearPolitics - Video - Obama To Wall Street: "I Do Think At A Certain Point You've Made Enough Money"



None of your damn business you socialist pig.

It's quite amazing that the same morons (you) who opposed bailing out these "to big to fail" mega financials don't favor legislation to prevent them from being getting that big again. Do you WANT the economy to fail?

Having the U.S. Government not strongarming them into making loans to people with no assets or incomes would be a great start. Notice however, how that not-so-small part of the problem is never addressed. Unfortunately, this bill being floated around will ensure a permanent "too big to fail" situation.

You ain't gonna fix the problem by letting the same crooks who gave us the problem propose the fixes.

Nice post. You wanna know what has yet to be asked? Is Government too BIG to fail? [And who's gonna bail them out when they fail the U.S. Taxpayer when they ruin the economy of not only the United States, but the rest of the world?

And the question applies to any Government anywhere.

 

[boedicca]

"I Do Think At A Certain Point You've Made Enough Money"

Bill Gates and Warren Buffet reached the same conclusion

But funny.. government nor government officials came to that conclusion FOR them

It's so typical. The "penance" for success practiced by many very wealthy people. They get to rub shoulders with famous politicians and celebrities, and soak up the progressive faux loathing for wealth.

They get to have their cake and eat it too. As long as they publicly mouth the proper criticisms and policies in favor of progressivism, they get to continue to enjoy many houses, private airplanes, etc. They buy Indulgences with their comments to continue whatever Feels Good for them personally.

Buffett and Gates have already shielded the bulk of their wealth in trusts. They won't be affected by the taxes they advocate for the rest of us. See, it's so easy!

 

[Soggy in NOLA]

It's quite amazing that the same morons (you) who opposed bailing out these "to big to fail" mega financials don't favor legislation to prevent them from being getting that big again. Do you WANT the economy to fail?

Having the U.S. Government not strongarming them into making loans to people with no assets or incomes would be a great start. Notice however, how that not-so-small part of the problem is never addressed. Unfortunately, this bill being floated around will ensure a permanent "too big to fail" situation.

You ain't gonna fix the problem by letting the same crooks who gave us the problem propose the fixes.

Nice post. You wanna know what has yet to be asked? Is Government too BIG to fail? [And who's gonna bail them out when they fail the U.S. Taxpayer when they ruin the economy of not only the United States, but the rest of the world?

And the question applies to any Government anywhere.

It's too big already and it has already failed. Unfortunately, the current mentality in D.C. is that we haven't spent enough money. Fits the lcassic definition of insanity in my book. If it doesn't work, double down on it.. if that doesn't work, double down on that... and so on and so on. Also fits the classic definition of arrogance... "I know this has never worked, but only because I haven't done it"

 

[boedicca]

Nice post. You wanna know what has yet to be asked? Is Government too BIG to fail? [And who's gonna bail them out when they fail the U.S. Taxpayer when they ruin the economy of not only the United States, but the rest of the world?

And the question applies to any Government anywhere.

The better question: Is Government to Big to Function (or exist)?

 

[The T]

Having the U.S. Government not strongarming them into making loans to people with no assets or incomes would be a great start. Notice however, how that not-so-small part of the problem is never addressed. Unfortunately, this bill being floated around will ensure a permanent "too big to fail" situation.

You ain't gonna fix the problem by letting the same crooks who gave us the problem propose the fixes.

Nice post. You wanna know what has yet to be asked? Is Government too BIG to fail? [And who's gonna bail them out when they fail the U.S. Taxpayer when they ruin the economy of not only the United States, but the rest of the world?

And the question applies to any Government anywhere.

It's too big already and it has already failed. Unfortunately, the current mentality in D.C. is that we haven't spent enough money. Fits the lcassic definition of insanity in my book. If it doesn't work, double down on it.. if that doesn't work, double down on that... and so on and so on.

Exactly. Vicious circle isn't it? Something's gonna break eventually. We already see it in Greece...don't we?

 

[Si modo]

Even this administration says their own budget is "unsustainable".

 

[rightwinger]

"I Do Think At A Certain Point You've Made Enough Money"

Bill Gates and Warren Buffet reached the same conclusion

But funny.. government nor government officials came to that conclusion FOR them

Obama was merely stating his personal opinion on reasonable bounds for personal wealth. When he starts passing laws come and see me.......until that time...quit your petty bitching

 

[Soggy in NOLA]

Nice post. You wanna know what has yet to be asked? Is Government too BIG to fail? [And who's gonna bail them out when they fail the U.S. Taxpayer when they ruin the economy of not only the United States, but the rest of the world?

And the question applies to any Government anywhere.

It's too big already and it has already failed. Unfortunately, the current mentality in D.C. is that we haven't spent enough money. Fits the lcassic definition of insanity in my book. If it doesn't work, double down on it.. if that doesn't work, double down on that... and so on and so on.

Exactly. Vicious circle isn't it? Something's gonna break eventually. We already see it in Greece...don't we?

These people see that it hasn't worked... but only because they haven't been involved... they are the enlightened ones that will get it right.

 

[JBeukema]

Keynesians...

 

[Si modo]

"I Do Think At A Certain Point You've Made Enough Money"

Bill Gates and Warren Buffet reached the same conclusion

But funny.. government nor government officials came to that conclusion FOR them

Obama was merely stating his personal opinion on reasonable bounds for personal wealth. When he starts passing laws come and see me.......until that time...quit your petty bitching

Yes, Obama has made it clear that his ideology is socialism.

 

[The T]

Having the U.S. Government not strongarming them into making loans to people with no assets or incomes would be a great start. Notice however, how that not-so-small part of the problem is never addressed. Unfortunately, this bill being floated around will ensure a permanent "too big to fail" situation.

You ain't gonna fix the problem by letting the same crooks who gave us the problem propose the fixes.

Nice post. You wanna know what has yet to be asked? Is Government too BIG to fail? [And who's gonna bail them out when they fail the U.S. Taxpayer when they ruin the economy of not only the United States, but the rest of the world?

And the question applies to any Government anywhere.

It's too big already and it has already failed. Unfortunately, the current mentality in D.C. is that we haven't spent enough money. Fits the lcassic definition of insanity in my book. If it doesn't work, double down on it.. if that doesn't work, double down on that... and so on and so on. Also fits the classic definition of arrogance... "I know this has never worked, but only because I haven't done it"

I answer this again because what you added...and you're so correct. And nevermind that History would show them to be the fools that they are for the repeat performance and dragging the rest of us with them.

 

[The T]

But funny.. government nor government officials came to that conclusion FOR them

Obama was merely stating his personal opinion on reasonable bounds for personal wealth. When he starts passing laws come and see me.......until that time...quit your petty bitching

Yes, Obama has made it clear that his ideology is socialism.

Exactly correct. His ideology is what drives him. His Ideology has bankrupted this Republic. He knows what needs to be done. But to do so would admit the failure of himself -AND- his ideology to boot.

His arrogance, his pride, his narcissism won't allow it. He continues to blame others to compensate.

 

[rightwinger]

But funny.. government nor government officials came to that conclusion FOR them

Obama was merely stating his personal opinion on reasonable bounds for personal wealth. When he starts passing laws come and see me.......until that time...quit your petty bitching

Yes, Obama has made it clear that his ideology is socialism.

Helping the wealthiest Americans= Capitalism at its finest

Helping working Americans= Socialism

 

[Si modo]

Obama was merely stating his personal opinion on reasonable bounds for personal wealth. When he starts passing laws come and see me.......until that time...quit your petty bitching

Yes, Obama has made it clear that his ideology is socialism.

Helping the wealthiest Americans= Capitalism at its finest

Helping working Americans= Socialism

I don't play with strawmen.

His desire to redistribute wealth is clear and a tenet of socialist ideology.

 

[boedicca]

Yes, Obama has made it clear that his ideology is socialism.

Helping the wealthiest Americans= Capitalism at its finest

Helping working Americans= Socialism

I don't play with strawmen.

His desire to redistribute wealth is clear and a tenet of socialist ideology.

Indeed.

And it's important to understand to whom the redistribution is aimed: Public Employee Unions and other political cronies.

Now he's targeting the 401Ks of private sector employees to bail out the underfunded pensions of unionized employees.

 

[SpidermanTuba]

Having the U.S. Government not strongarming them into making loans to people with no assets or incomes would be a great start.

There is no law requiring banks to make bad loans and sell them to investors as good loans, you are mistaken. If its the CRA you are thinking of, most of the bad loans that were made were made by institutions not bound by the CRA regulations. The large investment banks, for instance, are not covered under the CRA.

Believe it or not, its not intrinsically risky to make loans to poor and minorities. No law ever required that banks make loans to the poor that were bigger then they could reasonably afford, nor did any law compel them to make loans to poor people with bad credit histories. But because the banks were able to package these shitty loans and sell them investors as grade A investments, they didn't give a fuck.

Notice however, how that not-so-small part of the problem is never addressed. Unfortunately, this bill being floated around will ensure a permanent "too big to fail" situation.

What does this bill do? Does it not limit the size of investment banks?

 

[rightwinger]

Yes, Obama has made it clear that his ideology is socialism.

Helping the wealthiest Americans= Capitalism at its finest

Helping working Americans= Socialism

I don't play with strawmen.

His desire to redistribute wealth is clear and a tenet of socialist ideology.

Strawman......prove it with facts not what you just heared on Rush Limbaugh

 

[boedicca]

[

There is no law requiring banks to make bad loans and sell them to investors as good loans, you are mistaken. If its the CRA you are thinking of, most of the bad loans that were made were made by institutions not bound by the CRA regulations. The large investment banks, for instance, are not covered under the CRA.

Fannie Mae and Freddie Mac were required to have 55% of the loans they bought be for people who make less than the median income in the U.S.

Banks were threatened with revocation or non-approval of bank charters if they didn't meet specific minority and low income loan quotas.

So, you are wrong. As usual.

 

[SpidermanTuba]

Fannie Mae and Freddie Mac were required to have 55% of the loans they bought be for people who make less than the median income in the U.S.

Are you telling me any loan to a person making less than median income is a bad loan? Really?

And if Fannie and Freddie were being forced to do such a thing against their will, tell me why it is that the investment banks did the exact same thing of their own free will?

Banks were threatened with revocation or non-approval of bank charters if they didn't meet specific minority and low income loan quotas.

Please show me the law that said what percentage of these loans had to be made to people that could not afford them.