Obama Urges Wall Street Not to Ignore Lessons of Crisis

Full story: StartupJournal

Need for Government Involvement Is 'Waning,' President Says By HENRY J. PULIZZI and ELEANOR LAISE Reuters WASHINGTON -- President Barack Obama warned Wall Street that it wouldn't be wise to ignore lessons from last year's economic turmoil, pressing the financial sector to join his effort to remake financial regulation by the end of the year.
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1 - 20 of 24 Comments Last updated Oct 7, 2010
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J W Simms

Mesa, AZ

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#1
Sep 14, 2009
 
Al Qaeda would know what to do with Wall Street.
community idiot

Palm Bay, FL

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#2
Sep 14, 2009
 
PersonalLiberty.com , America’s #1 news site for independent minded individuals is conducting an urgent economic poll. We want to know if you think the government bailouts will be good for America and help rescue our country's housing market, stock market and ailing financial system.

The results of the poll will be available to you after you submit your vote and we’ll also share the poll results with major media outlets across the country. Thousands will vote, so take a moment right now to stand up and be counted… your opinion matters!

Vote today!
1) Who is most to blame for America’s current economic crisis?
Clinton Administration and the Democrats in Congress
The Bush Administration
Wall Street
Banks and sub-prime lenders
Real estate and mortgage professionals
Investors
Home buyers
2) Do you agree government bailouts are the answer to America’s financial crisis?
Yes
No
Undecided
3) Do you believe the American taxpayers should have to foot the bill for our financial systems mistakes?
Yes, we have to or we’ll end up in a prolonged recession or worse a depression.
No, America is too far in debt already.
Absolutely not, the American people should never be responsible for bailing out the private sector.
Undecided
4) Do you believe the government bailouts will ultimately rescue our country's financial system?
Yes
No
Undecided
5) Do you believe Barack Obama was the best choice to handle the country's future economic policy?
Yes
No
Undecided
J W Simms

Mesa, AZ

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#3
Sep 14, 2009
 
community idiot wrote:
PersonalLiberty.com, America’s #1 news site for independent minded individuals is conducting an urgent economic poll. We want to know if you think the government bailouts will be good for America and help rescue our country's housing market, stock market and ailing financial system.
The results of the poll will be available to you after you submit your vote and we’ll also share the poll results with major media outlets across the country. Thousands will vote, so take a moment right now to stand up and be counted… your opinion matters!
Vote today!
1) Who is most to blame for America’s current economic crisis?
Clinton Administration and the Democrats in Congress
The Bush Administration
Wall Street
Banks and sub-prime lenders
Real estate and mortgage professionals
Investors
Home buyers
2) Do you agree government bailouts are the answer to America’s financial crisis?
Yes
No
Undecided
3) Do you believe the American taxpayers should have to foot the bill for our financial systems mistakes?
Yes, we have to or we’ll end up in a prolonged recession or worse a depression.
No, America is too far in debt already.
Absolutely not, the American people should never be responsible for bailing out the private sector.
Undecided
4) Do you believe the government bailouts will ultimately rescue our country's financial system?
Yes
No
Undecided
5) Do you believe Barack Obama was the best choice to handle the country's future economic policy?
Yes
No
Undecided
To be honest about it, I couldn't care less about any of it anymore. America as my father knew it, is gone now, never to return, it's sad but true. J. W. Simms.
Jacksonville Florida

United States

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#4
Sep 14, 2009
 
May the old America rest in peace, because the lawyers and congress have sold us all out. Most of our children will be slaves to the debt created by the lawyers and congress, the nastiest thieving traitors in all mankind, against their own people.
J W Simms

Mesa, AZ

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#5
Sep 14, 2009
 
Jacksonville Florida wrote:
May the old America rest in peace, because the lawyers and congress have sold us all out. Most of our children will be slaves to the debt created by the lawyers and congress, the nastiest thieving traitors in all mankind, against their own people.
I don't believe we are their " own people " it seems to me they are a different soulless breed of people, but not necessarily of the human race. Just a Godless being, who's whole life consists of greed and destruction. J. W. Simms.

Since: Sep 08

Neon City Oh.

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#7
Sep 16, 2009
 
The only thing better than a CEO going to prison would be all of them going to prison.
J W Simms

Mesa, AZ

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#8
Sep 16, 2009
 
WDRussell wrote:
The only thing better than a CEO going to prison would be all of them going to prison.
I think a bullet to the back of their f---ing head would be so much better. J. W. Simms.
Jacksonville Florida

United States

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#9
Sep 16, 2009
 
J W Simms wrote:
<quoted text>I think a bullet to the back of their f---ing head would be so much better. J. W. Simms.
Put all in congress in there and all the lawyers.
J W Simms

Mesa, AZ

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#10
Sep 16, 2009
 
Jacksonville Florida wrote:
<quoted text>
Put all in congress in there and all the lawyers.
Bush and Cheney should definitely catch one in the back of the head, they started all this shit. I'm not sure about Obama yet, but there's a strong " probably. " J. W. Simms.
Jacksonville Florida

United States

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#11
Sep 16, 2009
 
J W Simms wrote:
<quoted text>Bush and Cheney should definitely catch one in the back of the head, they started all this shit. I'm not sure about Obama yet, but there's a strong " probably. " J. W. Simms.
Amen brother. Obama is just another sell-out to our traitorous congress and all the thieving lawyers--that refused to even make sure all the billions of dollars that were won on behalf of medicaid and medicare, were stolen from medicaid and medicare, by the states attorney generals and we all saw that not one lawyer in the whole USA, stood for Americans or justice.

EVERY STINKIN LAWYER, EVERYONE IN CONGRESS AND OUR LAWYER PRESIDENT ARE GUILTY OF THEFT.

Jim Ryan
believethat

Jacksonville, FL

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#12
Sep 18, 2009
 
better to move TOWARD fema checkpoints lol
J W Simms

Mesa, AZ

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#13
Sep 19, 2009
 
“ In My Opinion “

It is the Government of these “ United States “ which has destroyed the people of this Country.
Now, this is very sad do to the fact that it should have been the people of this Country, which has destroyed the Government of these United States. J.W.Simms.
Stay On Topic

Glendale, AZ

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#14
Oct 4, 2010
 
Jacksonville Florida wrote:
<quoted text>
Amen brother. Obama is just another sell-out to our traitorous congress and all the thieving lawyers--that refused to even make sure all the billions of dollars that were won on behalf of medicaid and medicare, were stolen from medicaid and medicare, by the states attorney generals and we all saw that not one lawyer in the whole USA, stood for Americans or justice.
EVERY STINKIN LAWYER, EVERYONE IN CONGRESS AND OUR LAWYER PRESIDENT ARE GUILTY OF THEFT.
Jim Ryan
Jim Ryan- So right wing that he only takes a dick in his right cheek. Choke on that dicktard.
Stay On Topic

Glendale, AZ

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#15
Oct 4, 2010
 
J W Simms wrote:
<quoted text>Bush and Cheney should definitely catch one in the back of the head, they started all this shit. I'm not sure about Obama yet, but there's a strong " probably. " J. W. Simms.
JW has definitely caught one in the back, right in the old shitpipe.
ZiaMiddleView

Santa Fe, NM

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#16
Oct 4, 2010
 
America for the most part is okay. Selling out has been around for years, many, many years. It's just that the lobby groups have become the latest way. Before, it was big businessman doing the bidding directly.
ZiaMiddleView

Santa Fe, NM

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#17
Oct 4, 2010
 
community idiot wrote:
PersonalLiberty.com, America’s #1 news site for independent minded individuals is conducting an urgent economic poll. We want to know if you think the government bailouts will be good for America and help rescue our country's housing market, stock market and ailing financial system.
The results of the poll will be available to you after you submit your vote and we’ll also share the poll results with major media outlets across the country. Thousands will vote, so take a moment right now to stand up and be counted… your opinion matters!
Vote today!
1) Who is most to blame for America’s current economic crisis?
Clinton Administration and the Democrats in Congress
The Bush Administration
Wall Street
Banks and sub-prime lenders
Real estate and mortgage professionals
Investors
Home buyers
2) Do you agree government bailouts are the answer to America’s financial crisis?
Yes
No
Undecided
3) Do you believe the American taxpayers should have to foot the bill for our financial systems mistakes?
Yes, we have to or we’ll end up in a prolonged recession or worse a depression.
No, America is too far in debt already.
Absolutely not, the American people should never be responsible for bailing out the private sector.
Undecided
4) Do you believe the government bailouts will ultimately rescue our country's financial system?
Yes
No
Undecided
5) Do you believe Barack Obama was the best choice to handle the country's future economic policy?
Yes
No
Undecided
Your pimping for a conservative website. Not independent at all.

And where did these questions come from. Talk about untimely, biased and lame. Number 3 is idiotic - like what other answer is there.
ZiaMiddleView

Santa Fe, NM

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#18
Oct 4, 2010
 
Wall Street is directly responsible for their own failings. They had help but in the end it was their business models that brought them down. When you leverage at 40 to 1 as many of them were doing your gambling. And doing it with borrowed short-term loans to boot. Throw in the rating agencies (Fitch, S&P, and Moodys) who assigned AAA ratings to garbage then you know there is little integrity in the system. Afterall, who paid them for the ratings - the ones who securities they are rating. Talk about a conflict of interest. As for AIG, who insured many of the securities, no requirement to hold any capital reserves in case of default. Yeah, I say these guys played a major role in destroying themselves. They did it because the gain was great IF they could manage the risk. Of course the govt helped by removing the maximum leverage rate, allowing banks and investment banks to merge, removing the up-tic rule, allowing insurance to be sold without a capital reserve requirement, allowing hedge fund managers to be taxed at 15% on all income (carried interest tax rule), etc.
Idi O Syncrasy

United States

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#19
Oct 4, 2010
 
Barack Obama is on track to have the most spectacularly failed presidency since Woodrow Wilson.

Barack Obama is failing. Failing big. Failing fast.
And failing everywhere: foreign policy, domestic initiatives, and most importantly, in forging connections with the American people.
The incomparable Dorothy Rabinowitz in the Wall Street Journal put her finger on it:
"He is failing because he has no understanding of the American people, and may indeed loathe them."
Fred Barnes of the Weekly Standard says he is failing because he has lost control of his message, and is overexposed.
Clarice Feldman of American Thinker produced a dispositive commentary showing that Obama is failing because fundamentally he is neither smart nor articulate; his intellectual dishonesty is conspicuous by its audacity and lack of shame.

But, there is something more seriously wrong:
How could a new president riding in on a wave of unprecedented promise and goodwill have forfeited his tenure and become a lame duck in six months? His poll ratings are in free fall.
In generic balloting, the Republicans have now seized a five point advantage.
This truly is unbelievable.
What's going on?

No narrative.
Obama doesn't have a narrative.
No, not a narrative about himself. He has a self-narrative, much of it fabricated, cleverly disguised or written by someone else.
But this self-narrative is isolated and doesn't connect with us.
He doesn't have an American narrative that draws upon the rest of us.
All successful presidents have a narrative about the American character that intersects with their own where they display a command of history and reveal an authenticity at the core of their personality that resonates in a positive endearing way with the majority of Americans.
We admire those presidents whose narratives not only touch our own, but who seem stronger, wiser, and smarter than we are. Presidents we admire are aspirational peers, even those whose politics don't align exactly with our own: Teddy Roosevelt, FDR, Harry Truman, Ike, and Reagan.

But not this president.
It's not so much that he's a phony, knows nothing about economics, and is historically illiterate and woefully small minded for the size of the task--all contributory of course.
It's that he's not one of us.

And whatever he is, his profile is fuzzy and devoid of content, like a cardboard cutout made from delaminated corrugated paper. Moreover, he doesn't command our respect and is unable to appeal to our own common sense. His notions of right and wrong are repugnant and his concepts of how things work just don't add up.
They are not existential.
His descriptions of the world we live in don't make sense and don't correspond with our experience.

In the meantime, while we've been struggling to take a measurement of this man, he's dissed just about every one of us--financiers, energy producers, banks, insurance executives, police officers, doctors, nurses, hospital administrators, post office workers, and anybody else who has a non-green job.

Expect Obama to lament at his last press conference in 2012:
"For those of you I offended, I apologize. For those of you who were not offended, you just didn't give me enough time; if only I'd had a second term, I could have offended you too."

Mercifully, the Founders at the Constitutional Convention in 1787 devised a useful remedy for such a desperate state--staggered terms for both houses of the legislature and the executive. An equally abominable Congress can get voted out next month.
With a new Congress, there's always hope of legislative gridlock until we vote for president again two short years after that.

Yes, small presidents do fail, Barack Obama among them.
The coyotes howl but the wagon train keeps rolling along.
God bless America, we the people need to take our country back.
VOTE.
Stay On Topic

Glendale, AZ

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#20
Oct 4, 2010
 
Idi O Syncrasy wrote:
Barack Obama is on track to have the most spectacularly failed presidency since Woodrow Wilson.
Barack Obama is failing. Failing big. Failing fast.
And failing everywhere: foreign policy, domestic initiatives, and most importantly, in forging connections with the American people.
The incomparable Dorothy Rabinowitz in the Wall Street Journal put her finger on it:
"He is failing because he has no understanding of the American people, and may indeed loathe them."
Fred Barnes of the Weekly Standard says he is failing because he has lost control of his message, and is overexposed.
Clarice Feldman of American Thinker produced a dispositive commentary showing that Obama is failing because fundamentally he is neither smart nor articulate; his intellectual dishonesty is conspicuous by its audacity and lack of shame.
But, there is something more seriously wrong:
How could a new president riding in on a wave of unprecedented promise and goodwill have forfeited his tenure and become a lame duck in six months? His poll ratings are in free fall.
In generic balloting, the Republicans have now seized a five point advantage.
This truly is unbelievable.
What's going on?
No narrative.
Obama doesn't have a narrative.
No, not a narrative about himself. He has a self-narrative, much of it fabricated, cleverly disguised or written by someone else.
But this self-narrative is isolated and doesn't connect with us.
He doesn't have an American narrative that draws upon the rest of us.
All successful presidents have a narrative about the American character that intersects with their own where they display a command of history and reveal an authenticity at the core of their personality that resonates in a positive endearing way with the majority of Americans.
We admire those presidents whose narratives not only touch our own, but who seem stronger, wiser, and smarter than we are. Presidents we admire are aspirational peers, even those whose politics don't align exactly with our own: Teddy Roosevelt, FDR, Harry Truman, Ike, and Reagan.
But not this president.
It's not so much that he's a phony, knows nothing about economics, and is historically illiterate and woefully small minded for the size of the task--all contributory of course.
It's that he's not one of us.
And whatever he is, his profile is fuzzy and devoid of content, like a cardboard cutout made from delaminated corrugated paper. Moreover, he doesn't command our respect and is unable to appeal to our own common sense. His notions of right and wrong are repugnant and his concepts of how things work just don't add up.
They are not existential.
His descriptions of the world we live in don't make sense and don't correspond with our experience.
In the meantime, while we've been struggling to take a measurement of this man, he's dissed just about every one of us--financiers, energy producers, banks, insurance executives, police officers, doctors, nurses, hospital administrators, post office workers, and anybody else who has a non-green job.
Expect Obama to lament at his last press conference in 2012:
"For those of you I offended, I apologize. For those of you who were not offended, you just didn't give me enough time; if only I'd had a second term, I could have offended you too."
Mercifully, the Founders at the Constitutional Convention in 1787 devised a useful remedy for such a desperate state--staggered terms for both houses of the legislature and the executive. An equally abominable Congress can get voted out next month.
With a new Congress, there's always hope of legislative gridlock until we vote for president again two short years after that.
Yes, small presidents do fail, Barack Obama among them.
The coyotes howl but the wagon train keeps rolling along.
God bless America, we the people need to take our country back.
VOTE.
Wilson was fine. Harding took it in the ditch in 8 years and didnt live to see it. Like Reagan,point, shoot, crash in 28 years.You're a dick.
Stay On Topic

Glendale, AZ

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Report Abuse
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Judge it!
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#21
Oct 4, 2010
 
Idi O Syncrasy wrote:
Barack Obama is on track to have the most spectacularly failed presidency since Woodrow Wilson.
Barack Obama is failing. Failing big. Failing fast.
And failing everywhere: foreign policy, domestic initiatives, and most importantly, in forging connections with the American people.
The incomparable Dorothy Rabinowitz in the Wall Street Journal put her finger on it:
"He is failing because he has no understanding of the American people, and may indeed loathe them."
Fred Barnes of the Weekly Standard says he is failing because he has lost control of his message, and is overexposed.
Clarice Feldman of American Thinker produced a dispositive commentary showing that Obama is failing because fundamentally he is neither smart nor articulate; his intellectual dishonesty is conspicuous by its audacity and lack of shame.
But, there is something more seriously wrong:
How could a new president riding in on a wave of unprecedented promise and goodwill have forfeited his tenure and become a lame duck in six months? His poll ratings are in free fall.
In generic balloting, the Republicans have now seized a five point advantage.
This truly is unbelievable.
What's going on?
No narrative.
Obama doesn't have a narrative.
No, not a narrative about himself. He has a self-narrative, much of it fabricated, cleverly disguised or written by someone else.
But this self-narrative is isolated and doesn't connect with us.
He doesn't have an American narrative that draws upon the rest of us.
All successful presidents have a narrative about the American character that intersects with their own where they display a command of history and reveal an authenticity at the core of their personality that resonates in a positive endearing way with the majority of Americans.
We admire those presidents whose narratives not only touch our own, but who seem stronger, wiser, and smarter than we are. Presidents we admire are aspirational peers, even those whose politics don't align exactly with our own: Teddy Roosevelt, FDR, Harry Truman, Ike, and Reagan.
But not this president.
It's not so much that he's a phony, knows nothing about economics, and is historically illiterate and woefully small minded for the size of the task--all contributory of course.
It's that he's not one of us.
And whatever he is, his profile is fuzzy and devoid of content, like a cardboard cutout made from delaminated corrugated paper. Moreover, he doesn't command our respect and is unable to appeal to our own common sense. His notions of right and wrong are repugnant and his concepts of how things work just don't add up.
They are not existential.
His descriptions of the world we live in don't make sense and don't correspond with our experience.
In the meantime, while we've been struggling to take a measurement of this man, he's dissed just about every one of us--financiers, energy producers, banks, insurance executives, police officers, doctors, nurses, hospital administrators, post office workers, and anybody else who has a non-green job.
Expect Obama to lament at his last press conference in 2012:
"For those of you I offended, I apologize. For those of you who were not offended, you just didn't give me enough time; if only I'd had a second term, I could have offended you too."
Mercifully, the Founders at the Constitutional Convention in 1787 devised a useful remedy for such a desperate state--staggered terms for both houses of the legislature and the executive. An equally abominable Congress can get voted out next month.
With a new Congress, there's always hope of legislative gridlock until we vote for president again two short years after that.
Yes, small presidents do fail, Barack Obama among them.
The coyotes howl but the wagon train keeps rolling along.
God bless America, we the people need to take our country back.
VOTE.
What dipshit radio show host did you lift this one off of? Reagan screwed us all like Harding did and died with us in the dust.

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