Obama Says ‘Systemic Risk’ Still Exists in Financial Industry

Bloomberg | 22 March 2009 | Hans Nichols

[WellyP]

March 22 (Bloomberg) -- President Barack Obama said that systemic risk still exists in the financial industry while insisting the “dollar is still strong” because U.S. Treasury bills are a safe investment..."

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4x8rOisPT0k&refer=home

[elpadre]

do you suppose Obama even knows what a “systemic risk” is?? I suspect his definition is quite different from most others.

[WellyP]

Soros is shorting the dollar! I smell a DemoRAT!

[Vince Ferrer]

To a communist, there are no systemic risks, only systemic opportunities.

[WellyP]

I understand the idea behind lowering the dollar. It increases exports because the customer gets excellent products at a lower cost. what Obama and Tiny Tim don't understand is, no one has money to buy anything and lowering the value of the Dollar increases the cost of oil! As a result, the American people have to spend more for energy, which goes to Chavez and the Arabs.

Is Bambi paying back the Arabs for funding his questionable education? No, he can't think that far out of the box but Soros can!

[Candor7]

Systemic Risk? Its effing insolvent.

[SaxxonWoods]

“he doesn’t know systemic from a hole in the ground”

Since systemic risk always exists, you are quite correct. Add this non sequiter to his “profits and earnings ratio” idiocy.