Obama Attacks Banks, Cites Wall Street Protests

Discussion in 'Politics & Religion' started by nutmeg, Oct 6, 2011.

  1. "For us to have a healthy financial system, that requires that banks and other financial institutions compete on the basis of the best service and the best products and the best price," he said.

    "It can't be competing on the basis of hidden fees, deceptive practices or, you know, derivative cocktails that nobody understands and that exposed the entire economy to enormous risks."

    Using a populist tone aimed at voters, Obama chided banks and Republicans for trying to repeal the reform measures.

    Uhmm. Barack you putz, it was a Democrat who fucked up your plan......




    After Sen. Dick Durbin, D-Ill., successfully added his "swipe fee" amendment to last year's Dodd-Frank financial regulation bill, he promised, "By requiring debit card fees to be reasonable ... small businesses and their customers will be able to keep more of their own money." That was the theory, at least.
     
  2. Their 2008 populist bullshit no longer works. I knew that the moment the "Obama youth movement" lost its luster, these kids would go apeshit. The stronger third party sentiment has been there for years, but I find it quite possible that some of the disaffected youth at these rallies are starting to see the shortfall of the contrived two party system.
     
  3. "It can't be competing on the basis of hidden fees, deceptive practices or, you know, derivativecocktailsthatnobody understands and that exposed the entire economy to enormous risks."

    Makes perfect sense to me.
     
  4. Gimme a break. Obama the Messiah ran his campaign on the back of "reform" and has done absolutely nothing to reign in the corruption. The guy is just the king of empty slogans and populist campaigning.
     
  5. This is all beyond absurd. The biggest source of funds for candidate Obama was Wall Street. Hedge funds, bankers, GE, elite law firms, all opened up the checkbooks. He repaid them by orchestrating obscene bailouts that insulated them from any responsibility and left them to cash huge bonuses.

    Now these marxist idiots are protesting "Wall Street" , seemingly unaware that their hero obama is in bed with them. Obama no doubt is torn. Community organizer marxist obama wants to be their showing solidarity with them, but chicago-pol obama knows who butters his bread. Tough call.
     
  6. Exactly. Three years later they are still blinded by their ideology and the empty rhetoric of the teleprompter in chief.
     
  7. pspr

    pspr

    <img src="http://votingamerican.files.wordpress.com/2011/07/evolution1.jpg?w=167&h=100&h=100">