Bankers try to put a better face befo...

Bankers try to put a better face before Congress

There are 17 comments on the WBT-AM Charlotte story from Feb 5, 2010, titled Bankers try to put a better face before Congress. In it, WBT-AM Charlotte reports that:

Chief executives at some of the biggest financial institutions are on a mission to repair their image with Congress and the public, part of a strategy to gain more influence over legislation that would overhaul financial regulations and intrude further into their business.

Join the discussion below, or Read more at WBT-AM Charlotte.

“Hillary, thirty years of lying”

Since: Nov 08

Paris

#1 Feb 5, 2010
OBAMA AND CREW REMANUFACTURE JOBS AND UNEMPLOYMENT NUMBERS. CHANGES INFORMATION SOURCE TO MAKE IT LOOK BETTER...LIES...LIES...AND MORE LIES.

The U.S. unemployment rate unexpectedly declined in January, but the economy continued to shed jobs and revisions painted a bleaker picture for 2009, casting doubt over the labor market's strength.

The unemployment rate, calculated using a household survey, fell to 9.7% last month from an unrevised 10% in December, the Labor Department said Friday. Economists surveyed by Dow Jones Newswires had forecast the jobless rate would edge higher to 10.1%.CALCULATED BY HOUSEHOLD SURVEY HAHAHAHAHAHAH ADDS 600,000 MORE JOBS LOST BUT UNEMPLOYMENT DROPS HAHAHAHAHAAH
Meantime, nonfarm payrolls fell by 20,000 compared with a revised 150,000 drop decline in December.

Economists had expected payrolls to be flat. The December figure was revised down sharply from an originally reported 85,000 drop.
AGAIN REVISED NUMBERS MUCH WORSE THAN FIRST REPORTED....

The Labor Department's annual benchmark revision to the survey that produces the monthly payroll report painted a bleaker 2009 picture. Last year, job losses were almost 600,000 more than previously reported, the revisions showed.MORE THAN PREVIOUSLY REPORTED..........THIS MAN CHILD'S WHOLE PRESIDENCY HAS BEEN A LIE........CAN YOU SAY CORPSMAN MR. PRESIDENT ..........did't think so.
TedFAN

United States

#2 Feb 5, 2010
all that comes out of the white house is lies and crap.

it's past time to impeach idiocy and incompetence and a boy who simply will not listen to the American Public.

Since: Aug 09

Southern Ohio

#3 Feb 5, 2010
Just do a casual search on www.opensecrets.org to see how many politicians got millions from the financial industry. Funny how those same politicians now want to bite the hand that has fed them.

It's like saying "you're a brute but I'll still take your money."

If they want congress to "come around," all they have to do is close up their checkbook.

The red lights on capital hill will start flashing and you'll see those reps putting on their slinky black dresses and fishnets soon enough...
fax 2

Atlantic, VA

#5 Feb 5, 2010
Is there an honest person among us? WE have
no one who can investigate these companies
to see who has cheated the people? What an
awful state we have allowed ourselves and
government to become. One rat won't squeal
on another?
BTA

Inver Grove Heights, MN

#6 Feb 5, 2010
Many of these executives at the Wall Street banks and Ratings agencies, rather than worrying about bonuses should be tried for treason against United States. Thanks to the greed and ineptness of these fools, unborn generations will be taxed without any representation from their generation, which since this debt was not incurred by an act of war or natural disaster must be called treason. These executives also have damaged the ability of the United States to effectivly finance the two wars that are currently being fought. We need every one of these execs. investigated and prosecuted where laws were broken.
What these bankers and rating agency execs. is way more than just “White Collar Crime”. It’s Treason.
Dan USA

Waukesha, WI

#8 Feb 5, 2010
You and your parents made the banks what they are. You who have a wallet filled with credit cards, and live in huge houses which you are incapable of paying for. You who demanded a "Good Life," which you can't pay for, deserve no sympathy.
BTA

Saint Paul, MN

#9 Feb 5, 2010
Dan USA wrote:
You and your parents made the banks what they are. You who have a wallet filled with credit cards, and live in huge houses which you are incapable of paying for. You who demanded a "Good Life," which you can't pay for, deserve no sympathy.
Dan, you assume too much. I don't own a home. I cut up my credit card, and being a steel rule die builder is a great job, but huge houses? beware of the Nationa Stokholm Syndrome that holding a degree has anything to do with ones ability to think,and state the obvious.
Bob

De Forest, WI

#10 Feb 6, 2010
Le Jimbo wrote:
OBAMA AND CREW REMANUFACTURE JOBS AND UNEMPLOYMENT NUMBERS. CHANGES INFORMATION SOURCE TO MAKE IT LOOK BETTER...LIES...LIES...AND MORE LIES.
The U.S. unemployment rate unexpectedly declined in January, but the economy continued to shed jobs and revisions painted a bleaker picture for 2009, casting doubt over the labor market's strength.
The unemployment rate, calculated using a household survey, fell to 9.7% last month from an unrevised 10% in December, the Labor Department said Friday. Economists surveyed by Dow Jones Newswires had forecast the jobless rate would edge higher to 10.1%.CALCULATED BY HOUSEHOLD SURVEY HAHAHAHAHAHAH ADDS 600,000 MORE JOBS LOST BUT UNEMPLOYMENT DROPS HAHAHAHAHAAH
Meantime, nonfarm payrolls fell by 20,000 compared with a revised 150,000 drop decline in December.
Economists had expected payrolls to be flat. The December figure was revised down sharply from an originally reported 85,000 drop.
AGAIN REVISED NUMBERS MUCH WORSE THAN FIRST REPORTED....
The Labor Department's annual benchmark revision to the survey that produces the monthly payroll report painted a bleaker 2009 picture. Last year, job losses were almost 600,000 more than previously reported, the revisions showed.MORE THAN PREVIOUSLY REPORTED..........THIS MAN CHILD'S WHOLE PRESIDENCY HAS BEEN A LIE........CAN YOU SAY CORPSMAN MR. PRESIDENT ..........did't think so.
So your an unemployed Banker....GOOD!
LOL

Bradenton, FL

#11 Feb 6, 2010
put a better face before congress??????

simple.....sit beside pelosi.......
g moser

Kissimmee, FL

#12 Feb 6, 2010
Dan USA wrote:
You and your parents made the banks what they are. You who have a wallet filled with credit cards, and live in huge houses which you are incapable of paying for. You who demanded a "Good Life," which you can't pay for, deserve no sympathy.
You are right. return it to what it was before they became all service financial institutions. Give the people guaranteed rates. With no charges for anything.
The Last of the Mohicans

Clermont, FL

#13 Feb 6, 2010
Dan USA wrote:
You and your parents made the banks what they are. You who have a wallet filled with credit cards, and live in huge houses which you are incapable of paying for. You who demanded a "Good Life," which you can't pay for, deserve no sympathy.
"Credit" has made the USA the great country it is today, there is no other country on the planet that is greater because of this..."Credit" has given people tremendous opportunities where none would exist if "credit" wasn't available...We wouldn't be in the situation we are currently in if the banks hadn't given a loan to anyone with a pulse, the banks didn't do their due diligence and that is what created the economic meltdown...Credit is for responsible people, we all don't live in big fancy houses with our wallets loaded with credit cards with a Mercedes Benz parked in the driveway, lumping EVERYONE into the irresponsible category is simply a talking point...The average American lives in a modest home, has a vehicle and some "credit" cards...By your reasoning we'd all be living in a cardboard box, taking a bus or walking with only the cloths on our backs...If your parents didn't have mortgage and loans, you'd probably be so poor you wouldn't currently own anything but the shirt on your back...
SAM

Cincinnati, OH

#14 Feb 6, 2010
The banks have a new hidden fee.They deduct automatic payments,2 or 3 days early,which pays them millions of unearned dollars for each day.People like me who run their balances to zero each month are fined 25 dollars each time they do this.Better check your savings accounts for illegal charges.You will be amazed,your bank will never say a word,because they are making more money.
Cough It Up

Pulaski, TN

#15 Feb 6, 2010
If you really want to get down to brass tacks and make some progress you need to do a few things.

Find out if any sitting politicians voted to repeal the or parts of the Glass Steagall Act a.k.a. Banking Act of 1933.

They are the source of this collapse because they sold out to the wily bankers who wanted to regain the ability to buy and sell securities.

Had these politicians not done this, this would not have happened. In my opinion it is simply a matter of how much campaign money did they receive in exchange for an after the fact vote to repeal the Glass Steagall Act a.k.a. Banking Act of 1933.

Once these particular yes men have been politically humiliated and voted out of office then is the perfect opportunity to reinstate the pertinent issue(s) of the Glass Steagall Act a.k.a. Banking Act of 1933.

This is the only way to make any progress in financial reform is to go straight to the source. Banks dealing in securities led to the collapse of the economy that caused the Great Depression which led to the Glass Steagall Act a.k.a. Banking Act of 1933 but some genius politicians later ignored that and repealed it.

With enemies like these in our own camp who needs terrorists?

Now it has happened again, banks dealing in securities whose machinations literally threaten the very fabric, infrastructure and existence of our nation, and doing so unchecked, without regulation and doing so secretly.

In 1933, by the institution of the Glass Steagall Act a.k.a. Banking Act of 1933, these politicians who voted yes to implement it were statesman and patriots thinking of the interests of our nation and the welfare of its citizens to protect against such a diabolical threat that resulted in the Great Depression.

Are there any such politicians now or are they all owned by the banks?

The patriots and statesman are gone now and the new breed moved in, the breed that disposed of the Glass Steagall Act a.k.a. Banking Act of 1933.

Un-repeal this repeal in order to save our nation from complete destruction because the banks have done this twice and since it is not illegal to do this to our nation and very profitable...

THEY WILL DO IT AGAIN!!!!
Buck

Livonia, MI

#16 Feb 6, 2010
Its like the banks picked everyones pocket,put the wallet back with no money in it. Now their PR department trying to say their has been no crime commited.
LOL

Bradenton, FL

#17 Feb 7, 2010
Buck wrote:
Its like the banks picked everyones pocket,put the wallet back with no money in it. Now their PR department trying to say their has been no crime commited.
the bankers see this as ....no harm , no foul......they haven't been harmed so there has been no foul.....
go go golphers

Ridge Spring, SC

#18 Feb 7, 2010
bankers are skum

Since: Aug 09

Southern Ohio

#19 Feb 7, 2010
Buck wrote:
Its like the banks picked everyones pocket,put the wallet back with no money in it. Now their PR department trying to say their has been no crime commited.
The bankers didn't do this alone. People in Congress who voted to repeal Glass-Stegal should be charged as accessories to the crime. They are the ones who made that "pick-pocketing" possible.

"The sharks on Wall Street have committed outrageous acts, and they swim within a sea of shame, but the greater shame belongs to their would-be handlers. In removing the Glass-Steagall safety net, Congress betrayed its constituents, Alan Greenspan doomed his legacy, and lobbyists for companies like Citigroup and JPMorgan Chase (NYSE: JPM) earned their keep.

By setting banks and brokerages free from the regulated swimming pool, the repealers of Glass-Steagall knowingly unleashed a swarm of killer whales into the ocean of global finance. Thomas Jefferson considered banks "more dangerous than standing armies," while Andrew Jackson called them "a den of vipers and thieves," so the nature of the beast has been well known for centuries. For ignoring that danger and permitting systemic risk to multiply in the shadows -- most notably through the $1 quadrillion global market for derivatives -- the repealers of Glass-Steagall unmistakably carry the greatest burden of blame for this ongoing crisis."
(Christopher Barker)

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