President Barack Obama Message Board

STOCKTALK

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Politics : President Barack Obama

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To: tejek who wrote (68871)	1/27/2010 6:15:01 PM
From: koan	Read Replies (1) of 149317

The banking system was absolutely on the brink of collapse. Caused by an unregulated Wall street and especially goldman Sachs. But Obama could ahve put better conditions on the money after he got into office. Instead he brougth in people form Wall street who just kept giving wall street free money and did nothign for main sreet. Instead of bringing in Krugman and stiglitz and Volker to clean it up ,Obama brings in an entire slew of the people who caused it. Summers, Geithner, Geithner's chief of staff, and they have doen nothing but protect wall street so far. >>You think that would have been worse than giving the money directly to the banks at zero interest rate so they could keep gambling? Did you not believe Obama when he said the banking system was on the verge of collapse?

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