3rdnlng Posted August 31, 2010 Share Posted August 31, 2010 They should call this The "Bad Loans to Bad Businesses Bill". Is this not a repeat of fannie mae? High risk small businesses should not be lent gov't backed money, they should build their credit worthiness on their own or go out of business! Maybe we can have one giant bake sale to help them out. Link to comment Share on other sites More sharing options...
GG Posted August 31, 2010 Share Posted August 31, 2010 Oh please, this is all politics pure and simple. The GOP wants Obama to get credit for nothing. Yes, this is all GOP doing. There's absolutely no buyer's remorse from the former FoBs. Or maybe not Link to comment Share on other sites More sharing options...
IDBillzFan Posted August 31, 2010 Share Posted August 31, 2010 Yes, this is all GOP doing. There's absolutely no buyer's remorse from the former FoBs. You really have to hand it to the NYT for taking a story about how Obama backers are leaving in droves, and then explaining that the reason Wall Street is doing so is because they were wrong in assuming he was an elitist like them. The prevailing view is that bankers, hedge fund mangers and traders supported the Obama candidacy because he appealed to their egos. Mr. Obama was viewed as a member of the elite, an Ivy League graduate (Columbia, class of ’83, the same as Mr. Loeb), president of The Harvard Law Review — he was supposed to be just like them. President Obama was the “intelligent” choice, the same way they felt about themselves. They say that they knew he would seek higher taxes and tighter regulation; that was O.K. What they say they did not realize was that they were going to be painted as villains.] That's just awesome. Link to comment Share on other sites More sharing options...
GG Posted August 31, 2010 Share Posted August 31, 2010 You really have to hand it to the NYT for taking a story about how Obama backers are leaving in droves, and then explaining that the reason Wall Street is doing so is because they were wrong in assuming he was an elitist like them. That's just awesome. There are only a few ways to spin that story just right Link to comment Share on other sites More sharing options...
DC Tom Posted August 31, 2010 Share Posted August 31, 2010 You really have to hand it to the NYT for taking a story about how Obama backers are leaving in droves, and then explaining that the reason Wall Street is doing so is because they were wrong in assuming he was an elitist like them. That's just awesome. The real irony, of course, is replacing "bankers, hedge fund managers, and traders" in the first sentence with "reporters and editors". Link to comment Share on other sites More sharing options...
Magox Posted August 31, 2010 Author Share Posted August 31, 2010 Just last week, Paul S. Otellini, chief executive of Intel, said at a dinner at the Aspen Forum of the Technology Policy Institute that “the next big thing will not be invented here. Jobs will not be created here.” Mr. Otellini has overseen two big acquisitions in the last two weeks — the $7.7 billion takeover of the security software maker McAfee and the $1.4 billion deal for the wireless chip unit of Infineon Technologies. If he is true to his word, those deals will most likely lead to job cuts in the United States, not job creation. This is what I was talking about, M & A activity that leads to job cuts due to consolidation. If you noticed, they also brought up the credit card legislation. Look at the banking sector, they've been hammered with nonsensical regulation that not only punishes banking confidence and investors but look at the increases in fee's that just about everyone has been receiving on their credit card statements. For crying out loud, the fee's on the statements specifically blame the credit card legislation for the increases. Bad deal for the banks, bad deal for investors, bad deal for credit card holders and good deal for populist progressive outrage. Link to comment Share on other sites More sharing options...
Dave_In_Norfolk Posted August 31, 2010 Share Posted August 31, 2010 Yes, this is all GOP doing. There's absolutely no buyer's remorse from the former FoBs. Or maybe not Oh no!!! Wall Street is angry because they can't buy off Obama. This really does make Obama evil! A real President would do what the Wall Street money tell's him to do! You are funny! Link to comment Share on other sites More sharing options...
GG Posted August 31, 2010 Share Posted August 31, 2010 Oh no!!! Wall Street is angry because they can't buy off Obama. This really does make Obama evil! A real President would do what the Wall Street money tell's him to do! You are funny! Then the chosen one should have absolutely no problem enjoying the last two years of his term without Wall Street support and the commensurate economic growth. Link to comment Share on other sites More sharing options...
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