Posts Tagged ‘banks’
The housing bust, de ja vu
The housing market collapsed in 2008. Depending upon your political persuasion, we either got there because of greedy bankers, or because the federal government (i.e., Fannie Mae and Freddie Mac) lowered credit standards. Apparently, your government is urging a repeat performance.
Read MoreThis is sure to help the economy…son of TARP
There was an interesting article in today’s Boston Globe entitled, “4 Mass. banks get $18m from US”. It really should have been titled, “4 Mass. banks get $18m from us, but, that is not the reason for the post.
Read MoreObama to Democrats: Stop demonizing banks and business
On the Chutzpah meter, this one is off the charts. Meeting with Democrats yesterday for a little Q and A, Arkansas Senator Blanche Lincoln challenges the young President on his economic policies. Lincoln’s in trouble and this question is getting all the press, but it’s Obama’s answer that is the stunning sound bite.
Read MoreObama, Biden – new bank taxes will “get our money back”
Are they friggin’ kidding me? Increasing taxes on large banks to recoup financial “losses” is not going to put one dime into your pocket. They want to sell it to you as putting the screws to big-bank and putting money back in your pocket, but President Obama and Vice President Biden are lying.
Read MoreWhen Geithner speaks – stock market reaction
Did anyone notice the big drop (more than 3.5%) in the stock market as of Monday’s close? As the financial stocks seem to have been the hardest hit, the better question, however, is “why”? Well, it seems that this weekend, the latest administration news “leak” landed with a thud, causing an even louder thud on…
Read MoreBiden promises, “You capitalists are safe.” Uh Oh.
This is about when I would start looking for the lifeboats. Joe “F off” Biden tells CNN in one of the longest most excruciating answers to a simple question I have ever heard, says no, Obama does not intend to fire CEOs at the banks. This coming on the heals of Tres Secretary Geithner telling…
Read MoreCapitalists … Meet Your Master
Just in case you were wondering if the CEO of General Motors is the only one facing the guillotine (figuratively of course).
Read MoreAre You Threatening Us, Mr. President?
Although it is doubtful that anyone in the room had the courage to ask that question, it would appear that had they, the answer would have been, “yes”. The story is beginning to emerge from the recent meeting between Obama, and the CEO’s of the banks receiving TARP money. Initially described by all as “cordial”,…
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