Posted on 04/22/2010 4:06:27 AM PDT by Sub-Driver
Obama to Scold Wall Street
By Jonathan Weisman
President Barack Obama will return to Manhattan’s Cooper Union on Thursday, two years after a campaign speech that laid out his vision for Wall Street, to castigate a financial industry that he will say has too often forgotten the ordinary Americans who have suffered from its reckless irresponsibility.
The speech comes at a pivotal moment in Senate negotiations over a sweeping measure to re-regulate the financial industry. After trading barbed accusations, senators from both parties now say they are near a deal that would preserve the framework of Mr. Obama’s plan. By appearing just two miles from Wall Street, Mr. Obama hopes to raise the political pressure and seal the deal.
“A free market was never meant to be a free license to take whatever you can get, however you can get it,” Mr. Obama will say, according to speech excerpts released Wednesday night. “That is what happened too often in the years leading up to the crisis. Some on Wall Street forgot that behind every dollar traded or leveraged, there is family looking to buy a house, pay for an education, open a business, or save for retirement. What happens here has real consequences across our country.”
As he has done several times in the year-long debate, the president will implore industry executives to call back the lobbyists engaged in “furious efforts” to thwart or water down his legislation.
(Excerpt) Read more at blogs.wsj.com ...
Just give me the chance.
And former Ozero White House Counsel Greg Craig is going to represent Goldman?
The orchestrated incest is hiding in plain sight.
Yep... Rush has blown the deep cover of this corruption for three days now... there is no doubt... obama knew, ordered it and lied about it.
LLS
We got the goods on 0 and his ilk:
Obama-nomics link-list
http://www.freerepublic.com/focus/chat/2464021/posts
I said that before on another Thread: He’s a lying backstabber. But that’s typical of “Progressive Socialists”; Inn the end, they always bite the hand that fed them and expect the “bitten” to just lie back and “take it”.
He’s digging his own ditch and we should do everything to help him along.
What a hypocrite:
REPORT: ObamaCare allows Viagra for rapists, sex offenders...
http://www.rollcall.com/news/44956-1.html
[And the senate majority knowingly shot down Coburn’s amendment to remove it!]
Goldman Sachs: Summary (Goldman Gave Dems 75% Of Its Campaign Donations In The 2008 Election Cycle
http://www.freerepublic.com/focus/f-news/2496032/posts
Stimulus Waste:
http://www.freerepublic.com/focus/f-news/2495473/posts
UCC also received $4 million in state stimulus funding for projects such as a kitchen remodeling project, parking lot upgrades and pool and restroom improvements. In addition, UCC received nearly $99,000 in federal stimulus money for the college’s winemaking program. Romtec, a Glide manufacturer of campground toilets and prefabricated buildings, has received $4.4 million in stimulus contracts.
[G Sachs] Under Obama, Crony Capitalism Again Rules the Day
http://www.freerepublic.com/focus/f-news/2451627/posts
Geithner’s Backdoor Bailout for AIG
http://www.freerepublic.com/focus/f-news/2444553/posts
Ann Coulter: OBAMA’S OWNED — YOU CAN BANK ON IT (Bought and Paid for)
http://www.freerepublic.com/focus/f-news/2448703/posts
Hedge fund manager in Goldman Sachs case is major Dem donor
http://www.freerepublic.com/focus/news/2494787/posts?page=3#3
Florida schools giving away $350,000 worth of IPods — using Stimulus Money...
http://www.baynews9.com/content/36/2010/2/10/581592.html
Cash for Convicts? [Stimulus checks for first degree murderers]
http://www.foxnews.com/search-results/m/26044849/cash-for-convicts.htm
[Stimulus] How Did John Stossel Get a Free Golf Cart From the Government ...
http://www.foxnews.com/story/0,2933,585395,00.html
‘GOVERNMENT MOTORS’ CEO Gets $9 Million Pay Package...
http://finance.yahoo.com/news/GM-CEO-Whitacre-receives-9M-apf-362235582.html?x=0&.v=5
Report: Taxes prop up ‘dying’ abortion industry
http://www.wnd.com/index.php?fa=PAGE.view&pageId=125372
SHOCK: Medicare scheme involving adult diapers...
http://www.chron.com/disp/story.mpl/metropolitan/6945922.html
Olympic carbon offsets for dummies
http://www.freerepublic.com/focus/f-news/2456060/posts
Many Nations Passing U.S. in Education, Expert Says
http://www.freerepublic.com/focus/f-news/2467766/posts
Obama Helps Soros Drill For Oil In Brazil | Sweetness & Light
http://sweetness-light.com/archive/obama-helps-soros-drill-oil-in-brazil
CLIMATEGATE: The Global Warming Cover Up Spreads to NASA
http://www.freerepublic.com/focus/f-news/2469446/posts
NYT: China Drawing High-Tech Research From US
http://www.freerepublic.com/focus/chat/2473614/posts?page=1
George Soros Criticizes President Obama’s Handling of the Financial Crisis
http://www.freerepublic.com/focus/news/2468929/posts?page=14
[Stacy in Atlanta on Rush] Healthcare industry is already on verge of meltdown:
http://www.freerepublic.com/focus/news/2437390/posts?page=2625#2625
Remember Hillary’s short sale of drug stocks? Blast from the past:
http://www.freerepublic.com/focus/news/2437390/posts?page=2673#2673
Five Million Illegals [had] Illegal Mortgages in U.S.A.!
http://newsbusters.org/blogs/warner-todd-huston/2008/10/09/calling-old-media-five-million
HUD cries foul over illegal immigrant mortgage data
http://www.freerepublic.com/focus/f-news/2101844/posts
Oldexpat posted: Whether it is 1m or 5m is irrelevant. No bank should have been giving mortgages to someone who could be deported any day. Makes no sense. All I know is we have a friend foreclosing on almost one house a day in Orange Co. CA.
Meltdown — Fannie/Freddie
The Timeline Project / Link List of Bailout History [and meltdown]
http://www.freerepublic.com/focus/f-bloggers/2093845/posts
[Plenty about Fannie/FReddie]
Barney Frank gets clarity. Finally
http://www.freerepublic.com/focus/f-news/2441738/posts
WASHINGTON - Barney Frank has been one of the staunchest defenders of Fannie Mae and Freddie Mac and their mission to increase access to affordable housing. Now he’s helping to lead the charge to dismantle the troubled mortgage giants.
Fannie, Freddie’s $125 billion tab still growing (Once again Obama lies)
http://www.freerepublic.com/focus/f-news/2468617/posts
Geithner says Fannie, Freddie overhaul must wait
http://www.infowars.com/geithner-says-fannie-freddie-overhaul-must-wait/
AFP | US Treasury Secretary Timothy Geithner on Tuesday swatted aside pressure for a swift reform of troubled government-backed mortgage giants as data pointed to a still struggling real estate market.
Start your research with Jimmy ‘the dumb’ Carter and CRA 1977 and the liberal pursuit of the mythical redlining unicorn. <<
and continues here where a few tried to expose the farce and corruption... http://www.youtube.com/watch?v=_MGT_cSi7Rs
(this should be played at every town hall meeting of the “Rats involved)
Why scold Wall Street when Obama has Wall Street men in his government positions? Obama’s just nothing but a Wall Street frontman.
More than once I have seen headlines in which Obama was going to “scold” somebody. The left likes to think of him as a father figure. It’s revolting.
Right. What Useful Idiots.
Key part of the article:
“The legislation would grant the federal government the power to seize teetering financial giants and dismantle them the same way the FDIC can now seize failing banks”.
Remember senator schumer and Indy bank?
Remember dodd and frank forcing banks to get into the business of handing out liar loans? How did that turn out?
I don’t care who is in office, but that kind of power is downright frightening. Because they will be the ones to determine who is teetering or not. What is to stop them from declaring that all of them are in trouble. Plus just talk like this will cause stocks to tank. It looks like obama is trying to finish the job that the terrorists tried to do to New York.
If they boo him he’ll say “Wait a minute. You want to come up here?” Then police will close Wall Street and move the Press back.
One of the Kenney’s tried that with the mob didn’t work out.
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