Cavuto: don’t cave to Wall Street

It’s you classic Cavuto but a surprise nonetheless. Neil understands the importance of Wall Street but like the rest of us, he too has grown weary of the fear mongering. In Neil’s closing monologue last night he makes the case that even with the impending debt ceiling crisis no deal is better than a bad deal just to keep Wall Street honchos happy. Listen to the whole thing. It makes a lot of sense.

As you listen to this remember we were told TARP was necessary or the country would fall off the cliff. And yet no makes the case we fell off the cliff anyway. Wall Street like any other business entity 1st and foremost looks out for Wall Street. Just something to keep in the back of your mind is this battle continues.

httpv://www.youtube.com/watch?v=0svP4GmuPrk

As I said before, TARP was Hank Paulson’s way of keeping his friends from having to move from the Hamptons to Yonkers. I’m hoping that’s not what’s going on this time.

20 replies
  1. Plainvillian
    Plainvillian says:

    Most of the lefties I know believe Wall Street is rigged, but swear the democrats are for the little guy.? Is Cavuto saying the government/finance/market cabal is a corrupt reality?

  2. Dimsdale
    Dimsdale says:

    Given all the Wall Street cronies ?bama has populated his administration with, I am sure they aren’t too worried about him.

  3. Shared Sacrifice
    Shared Sacrifice says:

    Could this struggle be that the municipal bond bubbles are about to start bursting; the dems wanting to delay it an? election cycle while the republicans want the bubbles to pop before elections?? Either way, we’re just picking our poison at this point.

  4. Lynn
    Lynn says:

    Neil Cavuto is my all time favorite TV prophet and purveyor of truth. It’s his subtleties and ironic humor that makes me chuckle every day at 4:00PM. I don’t pick up the phone, it’s Cavuto time. It may be my imagination, but did anyone else notice when he said Wall St was protecting their Ass (pause)ets? Classic Cavuto, you don’t know, slip of the tongue or his razor sharp wit.? Common Sense

  5. Tim-in-Alabama
    Tim-in-Alabama says:

    Excellent commentary from Cavuto, but in the end, the greedy Democrat fat cats on Wall Street will get their way.

  6. sammy22
    sammy22 says:

    Hey, no sweat! Just another 62 points down for the DJ. Now it’s the turn of the greedy fat cats on Wall Street to be vilified by the Right.

    • Tim-in-Alabama
      Tim-in-Alabama says:

      The Potted Plant President has taught us to hate the fat cats on Wall Street and the greedy speculators who invest there. They deserve any misfortune that befalls them. It’s about time they paid their fair share in suffering.

  7. ricbee
    ricbee says:

    ?Wall St is just a gambling game for very high-rollers. It has nothing to do with the free market or capitalism. And if the debt ceiling is not raised this will become most evident. Like casting the light of day on Enron did.

  8. sammy22
    sammy22 says:

    Wonderful! The Enron debacle took down a relatively small group of high rollers, and a large number regular working people, investors (even CT residents w/ the CCRA investment) and their lifetime savings. This debacle will make every single US citizen or non- citizen pay! We just don’t know how much yet.

    • Dimsdale
      Dimsdale says:

      So you are saying that Enron was too big, or in this case, involved too few players to prosecute?
      ?
      As for every single U.S. citizen paying for something, the current foolish overspending by the president and his party are going to saddle the country and every citizen with a far bigger bill than Enron ever could have.
      ?
      And we don’t even “know just how much yet.”?

  9. TomL
    TomL says:

    Sammy do as wall street is doing liquidate. Hell may break loose tomorrow. I dumped everything 10 days ago. I’ll be a bottom feeder on Monday.

  10. Lynn
    Lynn says:

    Sammy, don’t despair. The sky is not falling. I am so sick of the media pandering to the fears that the WH creates on a minute by minute basis.? Hang in there Sammy.? Where would we at RVO be without your comments to feed our fire.

  11. sammy22
    sammy22 says:

    I think TomL should have advised us 11 days ago as to what to do. Instead we all pined for SOS’s calming words. Meanwhile the DJ/S&P are down again after being down yesterday. We all should be humming a song from “Annie”, I think.

    • Dimsdale
      Dimsdale says:

      Actually, I’ve been humming “Always look on the bright side of life” from the crucifixion scene at the end of Monty Python’s “Life of Brian” since the Democrats took control of Congress in 2007….

  12. sammy22
    sammy22 says:

    Well the Repub House is showing its muscle now. And, guess what: the Repubs will own a piece of the fiasco unfolding now. CK is seeing that and writes about it, but not this blog!! Suddenly 2012 does not look so rosy for the Repubs.

    • Dimsdale
      Dimsdale says:

      They showed their muscle, raised the debt limit, and put the brakes on some of the unrestrained spending, slowing the fiasco.? Too bad they couldn’t have done more.
      ?
      Every ratings house is telling us to CUT SPENDING!? We didn’t cut it enough, and the Dow is still tanking even after the debt limit relief.
      ?
      2012 ain’t looking too peachy (hopefully a lot less peachy) for the Dems and the president either.

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