Skip to comments.Obama scolds bank titans in NY push for finance bill
Posted on 04/23/2010 9:30:16 AM PDT by Nachum
Bringing his message right to their doorstep, President Obama yesterday told Wall Street bankers in no uncertain terms to support sweeping regulatory reform, saying the industry has nothing to fear "unless your business model depends on bilking people."
More than three dozen of the city's leading industry executives gathered in an audience of 700 at Cooper Union and listened grimly as the president denounced their "battalions of lobbyists," suggested millions of Americans had been "duped" by deceptive mortgages, and ripped enormous bonuses as offensive to America's "traditional values."
(Excerpt) Read more at nypost.com ...
The list, ping
Obama is such an arrogant marxist muslim puke. I can’t wait till he’s impeached.
I think that folks have had just about enough of “king Obama”
It's beyond me why they would even bother to show up. But - they have nobody to blame but themselves for whats about to come - they overwhelmingly supported this rookie and now they will reap what they have sown.
“They have nobody to blame but themselves.”
For example, on 5/3/07 the CEO of Lehman Brothers had a salary of $52 million, on 4/30/08 since he probably knew he was toast it was raised to $72 million, on 4/22/09 it was zero and goodby.* In 07 the CEO of Countrywide Financial’s salary was $142 million. The next year, sensing trouble, in was only $103 million. Too bad, 09, zero and goodby.
For survivor Bank of America the 3 years read $100M, $20M, and $12.5M. For Wells Fargo (which absorbed Wachovia) $72M, $13M, and $1.4M. What amazes me is the Goldman Sachs figures of $37M in 07, double to $74M in 08, and still a large $26M in 09. Were they that good, or that dishonest, or had that much influence? Inquiring minds want to know.
*Check out “Forbes CEO Compensation” for the dates listed in first paragraph for more interesting CEO information.
And - alot of those salaries were donated to the DNC and many other RAT candidates, including Zero, Dud and Schmucky. They held fundraisers and, walked Zero around as somebody they can deal with.
The problem is this - in Obama’s world, anyone not connected to him who makes money has bilked another.