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.
Financial Debate Renews Scrutiny on Banks Size
WASHINGTON One question has vexed the Obama administration and Congress since the start of the financial crisis: how to prevent big bank bailouts.
In the last year and a half, the largest financial institutions have only grown bigger, *mainly as a result of government-brokered mergers.* They now enjoy borrowing at significantly lower rates than their smaller competitors, a result of the bond markets implicit assumption that the giant banks are too big to fail.
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