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Obama: Wall Street Will Play Less Dominant Role
foxnews.com ^

Posted on 05/03/2009 4:54:38 AM PDT by jersey117

Wall Street is not going to play as dominant a role in the economy, president says. WASHINGTON - Wall Street is not going to play as dominant a role in the economy as regulations reduce "some of the massive leveraging and the massive risk-taking that had become so common," President Barack Obama says.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Front Page News; US: New York
KEYWORDS: agenda; bho44; economy; obama; second100days; socialism; wallstreet
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Forget socialism. This guy is going straight for communisim.
1 posted on 05/03/2009 4:54:38 AM PDT by jersey117
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To: jersey117

Risk-taking is only a problem if the risk-taker is insulated from its consequences.


2 posted on 05/03/2009 4:56:42 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Izzy Dunne

“Risk-taking is only a problem if the risk-taker is insulated from its consequences”

How true.

We are going to become a nation of 1/2% interest rate for everyone except the wealthy will get to buy financial vehicles which has little risk and great returns.

Welcome to the Proletariat.


3 posted on 05/03/2009 4:59:54 AM PDT by EQAndyBuzz ("Biden is where he is because he makes Obozo look smart.")
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To: jersey117

What a clueless tool.

We’re so screwed...but, I feel a slight tremor under my feet. Joe and Jane Six-pack aren’t going to take much more. :)


4 posted on 05/03/2009 5:00:16 AM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: jersey117
What a flaming hypocrite. If you look closely, HALF of his administration or more has worked on Wall Street at some point. I just read yesterday that Rahm Emanuel had a brief career as an investment banker. WTF does Rahm Emanuel know about banking?

I'm sure if you dig, most of the rest of them have done it, too. What's going on in America today is that if you're a Democrat who's ever been in a position of high influence, you go to the Wall Street banks, get a job there, get paid a huge amount of money for doing NOTHING, and Bob's your uncle, you're a rich man (or woman). Then you turn around and excoriate Wall Street for its greed and corruption.

I hate these people more every day. My "I hate liberals meter" is getting a bent needle.

5 posted on 05/03/2009 5:03:53 AM PDT by Hardastarboard (I long for the days when advertisers didn't constantly ask about the health of my genital organs.)
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To: jersey117

....so government will now play the dominant role???

Call for REFORM in 2010 - 2012!!!!!!!!!!!!!!!!!!!!


6 posted on 05/03/2009 5:07:06 AM PDT by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified DeCartes))
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To: Diana in Wisconsin

“....We’re so screwed...but, I feel a slight tremor under my feet. Joe and Jane Six-pack aren’t going to take much more. :)...”

I wish I could agree with you...but these are the same voters who put Bill back into office a second time..as long at O plays the cass warfare card he will always get a bunch of folks to think he’s wonderful...


7 posted on 05/03/2009 5:08:00 AM PDT by conservativehusker (GO BIG RED!!!!)
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To: Hardastarboard

More info here:

http://www.freerepublic.com/focus/news/2215150/posts

Rahm Emanuel’s profitable stint at mortgage giant [Freddie Mac]


8 posted on 05/03/2009 5:08:19 AM PDT by maggief
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To: jersey117

Better Wall Street than 0bama’s one way street to destroying the country.


9 posted on 05/03/2009 5:09:35 AM PDT by TYVets
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To: Hardastarboard

WTF does Rahm Emanuel know about banking?Nothing nor does obama the financial failure team in action.


10 posted on 05/03/2009 5:12:12 AM PDT by Vaduz
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To: jersey117
Meanwhile, from a couple of weeks ago....

THE RATTNER DISTRACTION (Obama's new corruption headache)

11 posted on 05/03/2009 5:12:14 AM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: mewzilla
Obama’s pay-to-play scheme
12 posted on 05/03/2009 5:14:07 AM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: jersey117
Obama and his ruling Communists MUST be removed from power or somehow neutered! They are trying to destroy our country!

Can't people come up with enough solid evidence of fraud and corruption to send them to trial, convict them, remove them from office and JAIL these idiots for the rest of their lives?

13 posted on 05/03/2009 5:14:17 AM PDT by WellyP
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To: jersey117
Less Wall Street, More Lenin Square.
14 posted on 05/03/2009 5:14:46 AM PDT by BallyBill (Serial Hit-N-Run poster)
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To: Izzy Dunne
Lottery tickets are a financial instrument of "massive leveraging and the massive risk-taking that had become so common,"

The typical 0bama voter is not going to like this.

15 posted on 05/03/2009 5:15:06 AM PDT by DUMBGRUNT (The best is the enemy of the good!)
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To: jersey117

I’ve always said he was a communist.


16 posted on 05/03/2009 5:16:18 AM PDT by teacherbarbie (I would go into politics, but I like to keep my youthful looks.)
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To: maggief
Rahm Emanuel’s profitable stint at mortgage giant [Freddie Mac]

OMG, you're right!! I had forgotten about that!

17 posted on 05/03/2009 5:16:41 AM PDT by Hardastarboard (I long for the days when advertisers didn't constantly ask about the health of my genital organs.)
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To: jersey117

Do all us FReepers feel safer knowing that Obama believes that he (the government) can eliminate the risks in our lives?


18 posted on 05/03/2009 5:16:45 AM PDT by paulycy (BEWARE the LIBERAL/MEDIA Complex)
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To: jersey117
Obama: Wall Street Will Play Less Dominant Role

Of course. The Kremlin Obama administration will be calling the shots going forward.

19 posted on 05/03/2009 5:19:14 AM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Diana in Wisconsin
We’re so screwed...but, I feel a slight tremor under my feet. Joe and Jane Six-pack aren’t going to take much more. :)

I'm not sure people have yet to understand that the Wall St vs Main St thing is all about conditioning them to hate corporations and free enterprise. They still think Big Pharma is screwing them and they still think Big Oil is screwing them or will in due course (yes, they totally ignore that as the price of oil dropped off a cliff so did gas). As long they continue to buy into this Big <blank> BS and continue to say, "there oughta be a law/the government has to do something about this," Obama and his ilk will be successful in destroying our system.

20 posted on 05/03/2009 5:19:57 AM PDT by Dahoser (The missus and I joined the NRA. Who says Obama can't inspire conservatives?)
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