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Obama Says ‘Systemic Risk’ Still Exists in Financial Industry
Bloomberg | 22 March 2009 | Hans Nichols

Posted on 03/22/2009 6:36:54 PM PDT by WellyP

March 22 (Bloomberg) -- President Barack Obama said that systemic risk still exists in the financial industry while insisting the “dollar is still strong” because U.S. Treasury bills are a safe investment..."

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4x8rOisPT0k&refer=home


TOPICS: Business/Economy; Foreign Affairs; Government
KEYWORDS: bho44; bhoeconomy; obamadollarstrong
I would like to ask Bambi if this is why the Dollar has gone from 1.24 to 1.36 to the EURO in the past month?
1 posted on 03/22/2009 6:36:54 PM PDT by WellyP
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To: WellyP

there he goes with the big words again.


2 posted on 03/22/2009 6:37:49 PM PDT by Ancient Drive (will)
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To: WellyP

He’s right for once. The systemic risk is called government intervention. We need to keep that out of the system.


3 posted on 03/22/2009 6:37:53 PM PDT by highlander_UW (The only difference between the MSM and the DNC is the MSM sells ad space in their propaganda)
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To: WellyP

Obama Says ‘Systemic Risk’ Still Exists in Financial Industry

Duh...and he’s the one whos causing it...


4 posted on 03/22/2009 6:38:14 PM PDT by Ev Reeman
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To: WellyP

Must’ve heard the term for the first time in February.


5 posted on 03/22/2009 6:39:36 PM PDT by givemELL (Does Taiwan Meet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: WellyP

Yes, investment involves risk.


6 posted on 03/22/2009 6:39:50 PM PDT by eclecticEel (I already have a Messiah, I don't need another one.)
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To: WellyP

The systemic risk should clear up by January 20, 2013.


7 posted on 03/22/2009 6:39:55 PM PDT by TurtleUp (Turtle up: cancel optional spending until 2012, and boycott TARP/stimulus companies forever!)
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To: WellyP

he doesn’t know systemic from a hole in the ground


8 posted on 03/22/2009 6:40:11 PM PDT by yldstrk (My heros have always been cowboys--Reagan and Bush)
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To: WellyP
Systemic risk always exists. That's why it's systemic.

Obama is an idiot.

9 posted on 03/22/2009 6:41:22 PM PDT by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: WellyP
Well obviously the solution is to throw more tax payer dollars at bad assets and failing institutions.
10 posted on 03/22/2009 6:42:04 PM PDT by Tempest (The Republican party, racing to lose 2010)
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To: WellyP

“the Dollar has gone from 1.24 to 1.36 to the EURO in the past month”

...and with the printing presses going full bore trying to keep up with Obama’s budget we can expect that ratio to go up.


11 posted on 03/22/2009 6:42:56 PM PDT by Parley Baer
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Comment #12 Removed by Moderator

To: WellyP

Was he laughing like an idiot again when he said this?


13 posted on 03/22/2009 6:43:54 PM PDT by Wisconsinlady
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To: WellyP
Well, O'Bambi does have lots of managerial experience to call upon...WHAT?

How would he recognize a systemic managerial issue if he encountered one on the sidewalk?

Oh...excuse me, Guvna! All that management experience, eh?

14 posted on 03/22/2009 6:45:44 PM PDT by SonOfDarkSkies
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To: WellyP

What an idiot.


15 posted on 03/22/2009 6:46:44 PM PDT by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
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To: Psycho_Bunny
What an idiot.

Unless he's deliberately talking down the Dow.

16 posted on 03/22/2009 6:48:49 PM PDT by null and void (We are now in day 62 of our national holiday from reality.)
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To: WellyP

The world will burn and that stuttering idiot will still be smiling and laughing and congratulating Doogie Houser, SecTreas...


17 posted on 03/22/2009 6:50:03 PM PDT by Petronski (For the next few years, Gethsemane will not be marginal. We will know that garden. -- Cdl. Stafford)
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To: Tempest
Well obviously the solution is to throw more tax payer dollars at bad assets and failing institutions.

You know, with thinking like that you could be Treasury Secretary.

18 posted on 03/22/2009 6:55:11 PM PDT by SittinYonder
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To: WellyP
Obama Says ‘Systemic Risk’ Still Exists in Financial Industry

Yes - he is still President.
19 posted on 03/22/2009 6:57:59 PM PDT by alecqss
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To: Petronski
The world will burn and that stuttering idiot will still be smiling and laughing and congratulating Doogie Houser, SecTreas...

Unless teleprompter indicates otherwise.
20 posted on 03/22/2009 6:59:40 PM PDT by alecqss
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To: Ancient Drive
do you suppose Obama even knows what a “systemic risk” is?? I suspect his definition is quite different from most others.
21 posted on 03/22/2009 7:01:31 PM PDT by elpadre (nation)
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To: WellyP

Soros is shorting the dollar! I smell a DemoRAT!


22 posted on 03/22/2009 7:04:20 PM PDT by WellyP (obama must go!)
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To: WellyP

To a communist, there are no systemic risks, only systemic opportunities.


23 posted on 03/22/2009 7:10:41 PM PDT by Vince Ferrer
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To: WellyP
I understand the idea behind lowering the dollar. It increases exports because the customer gets excellent products at a lower cost. what Obama and Tiny Tim don't understand is, no one has money to buy anything and lowering the value of the Dollar increases the cost of oil! As a result, the American people have to spend more for energy, which goes to Chavez and the Arabs.

Is Bambi paying back the Arabs for funding his questionable education? No, he can't think that far out of the box but Soros can!

24 posted on 03/22/2009 7:11:19 PM PDT by WellyP (obama must go!)
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To: WellyP

Systemic Risk? Its effing insolvent.


25 posted on 03/22/2009 7:14:15 PM PDT by Candor7 (The weapons of choice against fascism are ridicule, and derision. (member NRA)
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To: yldstrk

“he doesn’t know systemic from a hole in the ground”

Since systemic risk always exists, you are quite correct. Add this non sequiter to his “profits and earnings ratio” idiocy.


26 posted on 03/22/2009 8:10:48 PM PDT by SaxxonWoods (Charter Member, 58 Million Club)
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