Bam's bank bumble: Panicked prez will slam NYC

NY Post ^ | January 25, 2010 | Nicole Gelinas

[Scanian]

In the wake of last week's Democratic loss in Massachu setts, President Obama launched an all-out war on finance. The assault isn't targeted at the sources of the 2008 crisis -- and the campaign gravely threatens New York's economy, even more than the collapse of Lehman Bros.

New York and the nation need Washington to regulate finance, not obliterate it. But a panicked president has ordered up carpet-bombing, with Gotham squarely in the line of attack.

Obama's finally acknowledging the public's anger, as Wall Street spews out multibillion-dollar bonuses even as it remains pathologically dependent on taxpayers. "Never again," the president vowed Thursday, "will the American taxpayer be held hostage by a bank that is too big to fail." And if the banks don't like it, he swaggered, too bad. "If these folks want a fight, it's a fight I'm ready to have."

[dead]

I'm so mad, I'm going to fine them for taking the billions of dollars I gave them.

What a jackass.

[dead]

Good article.

This Administration is either the most numbingly inept ever, or they are actively and knowingly doing everything in their power to destroy our way of life.

Since they're openly marxist, I'll assume the latter.

[jersey117]

And maybe get thousands more paycheck to paycheck bank employees fired while he’s at it. The evil banks lost some fifty billion after zero’s little tirade. A lot of 401k and pension money down the black hole.

[livius]

[Obama's threats] seem removed from reality and seemed to come out of nowhere, which rattled markets. Volatile markets are a fact of life, though, in an environment where the government doles out rescues and punishments, rather than providing predictable, rational rules.

Bambi is busy levelling the playing field and trying to make us like any other of the Third World, Marxist-governed swamps he so adores.

[gogogodzilla]

Actually, it’s:

I’m mad that the banks took TARP money and paid it back, so I’m going to tax them on the money they paid back.

(but not the GM or Chrysler, who took TARP money and didn’t pay it back)

[Incorrigible]

Obama to New York: Drop Dead

[Scanian]

You are right. They want to destroy the capitalist system so that out of the ensuing chaos people will turn to the government. Of course, with the information people have today, they will hate the government even more for having created the chaos.

The Left suffers under the misapprehension the the folks will learn to love them once they really understand how beneficial socialism would be for the “masses.”

[Venturer]

Barry Sioetoro is just the mouthpiece , he cannot do anything without the Congress.

We dont have one Kenyan running this country we have the Democrats member of the Congress going along with this guy,selling us out.

If we had a Speaker and a Senate Majority leader with half a brain they would tie a knot in this guy’s tail so fast it would make his head swim.

[bray]

This is deflection from the anger at DC and the WH. He wants to take over the banks.

Pray for America’s Freedom

[Texas Jack]

Isn't this the plan that his buddy Chavez used?

First the banks, then major retail outlets - look out Walmart.

His continuous posturing and threats are death sentence to business. No businessman in his right mind is going to spend anything for expansion because he can't be sure what the next Presidential outburst will bring. Everybody is retrenching and getting ready for bad times.

[TexasFreeper2009]

lol

all the large banks and credit card companies are based in the North East...

LOL

Man November is looking better by the day :)

[Ann Archy]

Amen....Barack Chavez and the United States of Venezuela.

[Texas resident]

Democrat politician attacks an American industry.
American industry moves offshore.
Democrat politician attacks that industry for outsourcing jobs.
American industry outsources more jobs, to remain solvent.
The jackass party is responsible for the destruction and outsourcing of American jobs. The banks are just the latest target for the marxists.

[KC_Conspirator]

This administration is as inept as Carter’s. Its appalling. Epic Fail.

[Carley]

I realize that NY is considered the center of the universe but this bank bashing and taxing is hurting the entire country, not just NY.

[silverleaf]

I don’t remember Carter ever taking on Americans (and media figures) who disagreed with his policies, as his enemies

We have all noted that obama gets wee-wee’d up over “fat cat” American salaries and bonuses, but not terrorist attacks. When you take over 30% of the economy, it’s pretty hard to find someone who is not involved in govt program money.

Curiously, is the CEO of GM (Govt Motors) making under $250K?

[robroy12]

Perhaps money and job losses will be enough to attain standing
in the courts. WHERE IS THE BIRTH CERTIFICATE?

[The_Media_never_lie]

An all out war on finance after submitting New Yorker’s to relive 9-11 by giving the terrorists a public and global NYC forum? Tell me O doesn’t have it in for New Yorker’s.....

[bert]

......Obama wants Congress to put limits on banks.....

Smoke and mirrors. This is pure theater. The High Tone Boy is pandering to his base, throwing chunks of bleeding meat to pacify.

The Congress will fool around and hold hearings and make bankers come on TV and then it will all blow away