White House Tells Bankers to Boost Lending After Bailout Successes (Or Else !)

FOX NEWS ^ | 12/14/2009

[FromLori]

It is definitely a plus in that regard people are furious. When they figure out hopefully this is all just a hoax his fat cat banker talk coupled with socialist health care, cap and TAX I think it will also sway the independents and any libertarians who might have voted dirty too.

Americans Are Furious at Wall Street
A new Bloomberg National Poll shows them angry at banks and brokers—and furious about bonuses

http://www.businessweek.com/magazine/content/09_51/b4160000035262.htm

He knows this hence the spin.

[ding_dong_daddy_from_dumas]

Federal intrusion/regulation CAUSED every bit of the bank meltdown. I don’t want Obama near a bank, or anything else!

I used to work in software development. The management decided that they wanted to "improve our processes" via ISO-9000X standards. We tried to explain to them that you can't fix bad employees by writing new processes that try to change how bad employees do things.

Similarly, I don't think new regulations will help much while we have bad government people in charge.

[FromLori]

Lets share it lol

[stephenjohnbanker]

LOL!!

[traditional1]

The POTUS has NO BUSINESS ordering banks to lend, or how to conduct their business, etc. The forced-lending to non-qualified buyers started the downfall of banking in the first place, and now they're going to do it again?

It looks like the recovery is scaring the socialists, where they haven't taken over all the things they want to control, and the private sector is rallying against it.

[RinaseaofDs]

Corporate version of the Community Reinvestment Act. The USG is now a criminal enterprise.

[sickoflibs]

I remember ISO9000. That was the early 1990s. Wasnt that related to European protectionism from the cheap East Block countries? Weren't all the processes just non-sense bureaucracy to keep small firms out?

Almost two decades later and real requirements and software processes have been developed.

[FromLori]

Agree we had regulations except for Glass-Steagull they just were not enforced. I am not one for regulations anyway but I must say had they left Glass-Steagull intact this crisis could never have reached this level of severity.

But more importantly all regulations aside was the fact we bailed them out. That is not true capitalism they privatized the profits and socialized the losses. Because of that I feel no sympathy for the banks and besides I have all the data showing how much they donated to obama and the democrats and to groups like Acorn and they are supporting cap and trade.

The truth is the TBTF (too big to fail) are just gobbling up the littler banks and decreasing competition on top of it all and you know who will pay for that later us. Obamas favorite banker said so.

http://www.freerepublic.com/focus/f-news/2405651/posts

[sickoflibs]

RE :”Agree we had regulations except for Glass-Steagull they just were not enforced....But more importantly all regulations aside was the fact we bailed them out. That is not true capitalism they privatized the profits and socialized the losses. .....The truth is the TBTF (too big to fail) are just gobbling up the littler banks and decreasing competition on top of it all and you know who will pay for that later us. Obamas favorite banker said so.”(FromLori )

Worth repeating. One policy decision pushed by the last administration to create a short term housing boom, long term disaster was : ‘No down payment requirement’.

[SaraJohnson]

“Idiots. The regulators bang the banks for making high risk loans...then the “administration” bangs the banks for not making enough loans, which, in the economic environment created by the “administration” are inherently high risk.”

---

Regular catch 22. Couldn’t happen to a better bunch of fascists. The banksters deserve their dear leader. If they meet dear leader’s demands for even more irresponsible finance after crashing the housing market in cahoots with the Clinton socialists, we should put them in jail for fraud.

[SeekAndFind]

The POTUS has NO BUSINESS ordering banks to lend, or how to conduct their business, etc.

Obama has this mentality --- you banks survive because I gave you the money to stay afloat. Therefore you better listen to ME. The government is your BIGGEST SHAREHOLDER.

Notice though he forgets one thing --- THE MONEY ISN'T HIS. It's the people's money he forcibly took to keep these banks afloat.

[ding_dong_daddy_from_dumas]

Weren't all the processes just non-sense bureaucracy to keep small firms out?

Something like that. Microsoft adopted ISO9000X so they could sell their stuff in Europe, so everybody else who wanted to sell stuff in Europe got ISO9000X certification. One guy in our area wrote a play in which he had a 6-foot stack of paper. He measured it with a tape measure to see if it would conform to ISO9000X "Let's see if your documentation measures up." Surprisingly, the big bosses let him perform the play at company meetings.

[ExTexasRedhead]

Behold America’s Hope and Change Dictator and his Gestapo with Pelosi and Reid as lead henchmen.

[Candor7]

More sub prime, ARMs will now be given away so that the “poh” can have their mansions for a few months to a year.

Derivative paper anyone?

These bastards in fannie and Freddie and HUd are doing the same thing now that caused the recession.

They should be lined up and summarily executed.

LEAVE THE BANKS ALONE!!!!!!!!!

[stephenjohnbanker]

“Similarly, I don’t think new regulations will help much while we have bad government people in charge. “

Obama and his gay men could screw up a free winning lottery ticket.