In a PBS interview last night, the Big O voiced his concern over the newest epidemic at Wall St. firms- making too much money. Our Commander in Chief is concerned that Wall St. “feels no remorse” for last year’s little fiasco and hasn’t changed its culture or behavior which is leading to large profits on risk taking. Ask a former Lehman employee if last September’s bankruptcy had any impact on the firm’s culture or behavior and you might get a different answer, But the real villains are GS and JPM. The truck loads of money the firms made in Q2 while getting the TARP hooks out of them has the President ready to push the panic button.
There are some companies like Goldman Sachs that paid the money back and that means that we don’t have the same kind of levers on them that we might have. And that’s why I think it’s important to pass this broader financial regulatory reform package.
With surtax proposals on high income earners floating around DC, it seems like Wall St. isn’t the only place where there hasn’t been much of a change.
After a 13 minute warm up on health care, the main event starts.
Hot damn! Greg has video embedding capabilities!
He’ll revert back to the mean later today.
“Barack Obama will work with his military commanders to responsibly end the war in Iraq. Obama will refocus our resources on al Qaeda in Afghanistan and finish the fight with the terrorists who attacked us on 9/11.” – BOs website
sobering news out of middle east today — deadliest month in Afghanistan and increasing size of active army by 22k.. Maybe our commander in chief should be more focused on things other than regulation
@1 yes he does;
he is capable of posting an 18 min video and not noting any special times.
too barry
didn’t O
this guy is a fu*king dope
Too Greg, didn’t read.
Goldman is like a high school kid who got in trouble for drinking but then still managed to pull out a 4.0 in his AP classes, and now father Obama doesn’t know how to punish him.
Does anyone expect Barry to be more than his street agitator roots? He’s got to tear down everything.
@7 – Something like “There comes a time when the operation of Wall Street becomes so odious, makes you so sick at heart, that you can’t allow it to continue, and you’ve got to put your bodies upon the gears and upon the wheels, upon all the apparatus, and you’ve got to make it stop. And you’ve got to indicate to the bankers who run it that unless they embrace socialism, Wall Street will be prevented from working at all.”
“Goldman is like a high school kid who got in trouble for drinking but then still managed to pull out a 4.0 in his AP classes, and now father Obama doesn’t know how to punish him.”
More like, Goldman is like a high school kid who got in trouble for drinking, driving his daddy’s Porche, and causing a wreck that killed a family in a minivan, but then still managed to pull out a 4.0 in his AP classes, and now father Obama doesn’t know how to punish him.
@9 – That is definitely more accurate.
-6
Goldman is like a very very clever high school kid who figured out how to game the stupid curfew rules his parents kept inventing, perhaps violating the spirit but never the letter, thereby continuing to piss off his parents who as teenagers were always in bed by 11:00 on Saturday night because they were too chickenshit to stretch a rule here or there.
“More like, Goldman is like a high school kid who got in trouble for drinking, driving his daddy’s Porche, and causing a wreck that killed a family in a minivan, but then still managed to pull out a 4.0 in his AP classes, and now father Obama doesn’t know how to punish him.”
More like, Goldman is like a high school kid who got in trouble for drinking, butt fucking every one of the neighbor’s daughters (and sons) while letting the dog lick his asshole, driving his daddy’s Porche, and causing a wreck that killed a family in a minivan, but then still managed to pull out a 4.0 in his AP classes, and now father Obama doesn’t know how to punish him.
“More like, Goldman is like a high school kid who got in trouble for drinking, butt fucking every one of the neighbor’s daughters (and sons) while letting the dog lick his asshole, driving his daddy’s Porche, and causing a wreck that killed a family in a minivan, but then still managed to pull out a 4.0 in his AP classes, and now father Obama doesn’t know how to punish him.”
More like, Goldman is like a high school kid who got in trouble for drinking, butt fucking every one of the neighbor’s daughters (and sons) while letting the dog lick his asshole, hanging the dog from a tree with barbed wire, melting his step-mom’s face with battery acid after engaging in non-consenual sodomy with her mother, making the police give chase driving his daddy’s Porche, and causing a wreck that killed a pygmy family in a minivan, but then still managed to pull out a 4.0 in his AP classes, and now father Obama doesn’t know how to punish him.
@ 2 — Those soldiers aren’t going to campaign or vote for him, so why would he waste his time on them? Better to take from those who pay and give to the masses to carry more votes.
Kids from Idaho and Missouri getting killed in Afghanistan/Iraq is surely the last thing on his mind.