Obama tries to screw up banking next

[CMike]

The best thing he can do for this country is take a permanent vacation.

It's almost impossible to get credit now, guess Obama is going to keep it that way.

What a schmuck.

Stocks slide as Obama calls for tougher bank rules - Road Runner

Stocks slide as Obama calls for tougher bank rules
Published - Jan 21 2010 04:54PM EST

By STEPHEN BERNARD and TIM PARADIS - AP Business Writers



NEW YORK— The stock market stumbled Thursday as President Barack Obama proposed an overhaul of the nation's banking system that could limit financial companies' ability to make huge profits on trading.

 

[Mr Natural]

Stocks have been sliding ever since Massachusettes elected a republican senator.


The stock market doesn't respond well to crazy shit like that.

 

[xsited1]

Everytime Obama opens his mouth, the stock market tanks. I wish he'd just shut up and go on vacation.

 

[MaggieMae]

If you people can't understand what Elizabeth Warren explains in less than 10 minutes in lay terms on this subject, then you have my sincere sympathies. You'll never get it.

msnbc.com Video Player

 

[Ame®icano]

Yeah, he's going after "fat-cats". Of course, he won't even mention tort reform...

 

[MaggieMae]

Yeah, he's going after "fat-cats". Of course, he won't even mention tort reform...

What does tort reform have to do with mega banks bringing down the entire economy? But since you brought it up, think the CEOs of those banks aren't frantically meeting with their corporate attorneys?

 

[NYcarbineer]

Everytime Obama opens his mouth, the stock market tanks. I wish he'd just shut up and go on vacation.

The stock market started tanking yesterday, right after Scott Brown got elected.

 

[Mr Natural]

Everytime Obama opens his mouth, the stock market tanks. I wish he'd just shut up and go on vacation.

The stock market has done pretty damn good for the last year or so all things considered.

 

[NYcarbineer]

Oh well, who should be surprised, the same wingnuts who tried to blame the financial sector/real estate crisis on Democrats opposing banking regulations are attacking Obama for proposing banking regulations.

Indeed.

 

[Annie]

Yeah, he's going after "fat-cats". Of course, he won't even mention tort reform...

What does tort reform have to do with mega banks bringing down the entire economy? But since you brought it up, think the CEOs of those banks aren't frantically meeting with their corporate attorneys?

Ask John Edwards aka Baby's papa.

 

[Ame®icano]

Yeah, he's going after "fat-cats". Of course, he won't even mention tort reform...

What does tort reform have to do with mega banks bringing down the entire economy? But since you brought it up, think the CEOs of those banks aren't frantically meeting with their corporate attorneys?

Mega banks are doing OK. Unless they are GSE's, such as Fannie and Freddie. But he's not talking about them, does he? Has he mentioned Federal Reserve as one of those "big banks"?

 

[Ame®icano]

Everytime Obama opens his mouth, the stock market tanks. I wish he'd just shut up and go on vacation.

The stock market started tanking yesterday, right after Scott Brown got elected.

A bit before that... right after his campaign speech for Coakley.

 

[Soggy in NOLA]

Obama the "Boy King" is as clueless as they come. A true national disgrace. 2012 can't come soon enough.

 

[Soggy in NOLA]

It already seems like he's been president FOREVER.

 

[Soggy in NOLA]

Maybe Michelle should just shove her schlong in his mouth.. that'll shut him up!

 

[Soggy in NOLA]

Gadzooks.. what a beast she is!

 

[Sinatra]

The market tanked the last two days due to China's intent to tighten credit, and Obama's latest move against the banking industry.

Brown's election is offering Wall Street some hope of normalcy, but they are hedging their bets - some profit taking has been underway, and money being piled back up and away from the trading table.

Obama has yet to do ANYTHING of real substance regarding the economy. The stock market gains of previous months were in spite of Obama and the Democrats - and the inablity for those gains to transmit to Main Street is evidence of that.

The Obama White House and Democrat led Congress is a financial disaster for America. The worst spending by the previous Republicans has been doubled down upon.

Sheer madness...

 

[MaggieMae]

Yeah, he's going after "fat-cats". Of course, he won't even mention tort reform...

What does tort reform have to do with mega banks bringing down the entire economy? But since you brought it up, think the CEOs of those banks aren't frantically meeting with their corporate attorneys?

Ask John Edwards aka Baby's papa.

I assume you're speechless over the actual topic.

 

[MaggieMae]

Yeah, he's going after "fat-cats". Of course, he won't even mention tort reform...

What does tort reform have to do with mega banks bringing down the entire economy? But since you brought it up, think the CEOs of those banks aren't frantically meeting with their corporate attorneys?

Mega banks are doing OK. Unless they are GSE's, such as Fannie and Freddie. But he's not talking about them, does he? Has he mentioned Federal Reserve as one of those "big banks"?

Fannie & Freddie were always an arm of government lending anyway. They collected and put the money back in the same organization, operating the same way as FHA. The Federal Reserve is a whole different institution.

 

[manu1959]

so we want banks to lend and insurance companies to pass out health insurance to the masses.....

we believe if we tax the crap out of them that will incentivize them to to just that.....

ya that should work....