Obama and the 'Fat Cat Bankers'

WSJ ^ | 1/13/10 | Jonathan Macey

[Nachum]

Surprise! Banks with government guarantees take the biggest risks, make the most money, and pay the highest bonuses.

President Obama said last month on "60 Minutes" that he "did not run for office to be helping out a bunch of fat cat bankers on Wall Street." This assertion may mollify his constituents, but it is not consistent with his administration's own policies.

We are on the cusp of what is going to be the most highly visible and contentious bank bonus season in history. Bonuses are predicted to run into the billions of dollars, and many of the banks that got the most bailout money are paying the biggest bonuses. The two issues are intimately related—and as long as the administration continues down its too-big-to-fail regulatory path, Mr. Obama will stay in the business of paying huge bonuses to fat cat bankers. Here's how it works.

[UCANSEE2]

When this happens, the shareholder-owners of these banks will pay their managers much more sensibly—and Mr. Obama will be able to wash his hands of the business of helping out the fat cat bankers on Wall Street.

Which will happen as soon as this happens.

[jimbo123]

Robert Wolf, CEO of UBS Americas, George Soros

The skeleton in Obama’s money closet

Robert Wolf, CEO of UBS Americas, who has bundled more than $370,850 for Barack Obama so far this year, is one of the most embarrassing skeletons in BO’s money closet, now that the financial institution Wolf heads up in America has been outed in The Nation’s Attack of the Global Pirate Bankers.

http://www.canadafreepress.com/index.php/article/4088

[Right Wing Assault]

Whenever obama voluntarily tells you he didn’t do something, he’s lying.

[Carling]

“Let me be clear” while pointing his finger is his biggest tell, IMO. He says it almost every time before he tells a whopper.