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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
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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
To: WellyP
there he goes with the big words again.
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)
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
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)
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.)
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!)
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)
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)
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)
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.
Comment #12 Removed by Moderator
To: WellyP
Was he laughing like an idiot again when he said this?
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?
To: WellyP
15
posted on
03/22/2009 6:46:44 PM PDT
by
Psycho_Bunny
(ALSO SPRACH ZEROTHUSTRA)
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.)
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)
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.
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
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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