quote:

ORIGINAL: Moonhead

I hate to be the one to spring this on you, but Nixon dumped the monetary system back in the '70s.

quote:


Bloomberg Hammers Obama, Congress Over Bank Plan

Mayor Says President's Idea To Limit Size And Investments Will Lead To Big Problems For NYC, Including Layoffs

Hizzoner Suggests Salaries Of D.C. Lawmakers Be Held Back For Decade

NEW YORK (CBS) ―President Barack Obama's demand Thursday that Congress clamp down on the size of banks and their investments got major blowback from New York City Mayor Michael Bloomberg, who said it could cause layoffs and hurt the city.

It's a clash between the president and the mayor. President Obama wants to whittle away at the size of the financial services industry.

"The American people will not be served by a financial system that comprises just a few massive firms," the president said.

But Mayor Bloomberg said the banks and Wall Street are part of the bedrock of the city's economy, and efforts to slash their business just means less tax revenue for the city, which brings up the dreaded "L" word.

"If that's the case then we'll have to lay off people because it will really hurt our industry," Bloomberg said.

The mayor was so upset about the move -- and a suggestion that Wall Street bonuses be put in escrow, which means the money wouldn't be spent here, wouldn't help the city economy -- he responded with a proposal of his own for members of Congress.

"Maybe we should hold back their salaries for a decade or so and see whether the laws they pass work out," Bloomberg said.

Full article at http://wcbstv.com/politics/obama.banks.mayor.2.1441065.html

quote:

ORIGINAL: Jeffff

I find it funny that the same Financial industry that profited most from the bail out, is stamping it's foot and crying now.


fuckers

quote:

ORIGINAL: Moonhead

I hate to be the one to spring this on you, but Nixon dumped the monetary system back in the '70s.

quote:

ORIGINAL: Sanity


What I find "funny" is how the very guy who claimed we had to pull out all the stops in order to save the financial industry is now intent on destroying it or driving it overseas.

Check out what Bloomburg had to say:

quote:

Obama Seen as Anti-Business by 77% of U.S. Investors


Jan. 22 (Bloomberg) -- U.S. investors overwhelmingly see President Barack Obama as anti-business and question his ability to manage a financial crisis, according to a Bloomberg survey.


The global quarterly poll of investors and analysts who are Bloomberg subscribers finds that 77 percent of U.S. respondents believe Obama is too anti-business and four-out-of-five are only somewhat confident or not confident of his ability to handle a financial emergency.


The poll also finds a decline in Obama’s overall favorability rating one year after taking office. He is viewed favorably by 27 percent of U.S. investors. In an October poll, 32 percent in the U.S. held a positive impression.


“Investors no longer feel they can trust their instincts to take risks,” said poll respondent David Young, a managing director for a broker dealer in New York. Young cited Obama’s efforts to trim bonuses and earnings, make health care his top priority over jobs and plans to tax “the rich or advantaged.”


Carlos Vadillo, a fixed-income analyst at Wells Fargo Securities LLC in San Francisco, said Obama has been in a “constant war” with the banking system, using “fat-cat bankers and other misnomers to describe a business model which supports a large portion of America.”

Full article at http://news.yahoo.com/s/bloomberg/20100121/pl_bloomberg/a8uii1bcrdmy

quote:

ORIGINAL: AnimusRex

quote:

ORIGINAL: Sanity


What I find "funny" is how the very guy who claimed we had to pull out all the stops in order to save the financial industry is now intent on destroying it or driving it overseas.

Check out what Bloomburg had to say:

"destroying" the banks?
Really?
C'mon now! When they demand cardholders pay 35% interest rates, or accountholders pay $40 late fees, that is A-OK. But asking them to trim their 100 Million dollar payouts, and suddenly John Galt starts blubbering.

And Bloomberg? He loves the billion dollar bonuses, because it pulls in tons of cash for his city.

Tons of cash, that is extorted from working people all across America.

Obama once told the banksters- "I am the only one standing between you and the pitchforks."

That fucker with a rusty pitchfork? That was me.

quote:

ORIGINAL: Sanity

font="times new roman"]Obama Seen as Anti-Business by 77% of U.S. Investors


Jan. 22 (Bloomberg) -- U.S. investors overwhelmingly see President Barack Obama as anti-business and question his ability to manage a financial crisis, according to a Bloomberg survey.

quote:

ORIGINAL: Sanity

quote:

Obama Seen as Anti-Business by 77% of U.S. Investors


Jan. 22 (Bloomberg) -- U.S. investors overwhelmingly see President Barack Obama as anti-business and question his ability to manage a financial crisis, according to a Bloomberg survey.


The global quarterly poll of investors and analysts who are Bloomberg subscribers finds that 77 percent of U.S. respondents believe Obama is too anti-business and four-out-of-five are only somewhat confident or not confident of his ability to handle a financial emergency.


The poll also finds a decline in Obama’s overall favorability rating one year after taking office. He is viewed favorably by 27 percent of U.S. investors. In an October poll, 32 percent in the U.S. held a positive impression.


“Investors no longer feel they can trust their instincts to take risks,” said poll respondent David Young, a managing director for a broker dealer in New York. Young cited Obama’s efforts to trim bonuses and earnings, make health care his top priority over jobs and plans to tax “the rich or advantaged.”


Carlos Vadillo, a fixed-income analyst at Wells Fargo Securities LLC in San Francisco, said Obama has been in a “constant war” with the banking system, using “fat-cat bankers and other misnomers to describe a business model which supports a large portion of America.”

Full article at http://news.yahoo.com/s/bloomberg/20100121/pl_bloomberg/a8uii1bcrdmy

quote:

ORIGINAL: Sanity


What I find "funny" is how the very guy who claimed we had to pull out all the stops in order to save the financial industry is now intent on destroying it or driving it overseas.

Check out what Bloomburg had to say:

Bloomberg Hammers Obama, Congress Over Bank Plan

quote:

ORIGINAL: rulemylife

TARP was the Bush administration's plan.