Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (72855)	4/23/2010 11:34:16 AM
From: Jim McMannis	Respond to of 149317

Who is crying for wall street?

To: stockman_scott who wrote (72855)	4/23/2010 4:14:05 PM
From: tejek	Respond to of 149317

Well, I wish he hadn’t said that — and not just because he really needs, as a political matter, to take a populist stance, to put some public distance between himself and the bankers. The fact is that Mr. Obama should be trying to do what’s right for the country — full stop. If doing so hurts the bankers, that’s O.K. No, its not okay. The banks are the backbone of this economy. I don't want to hurt them any more than we have to hurt them. That doesn't mean I want the banking insanity of the last ten years....because I don't. Sometimes I get the feeling that liberals want to do to Wall St and the bankers what the allies did to Germany after WW I. As a brief historical review, the allies demanded reparations from Germany that were out the wazoo and unreasonable. That directly led to hyperinflation in Germany, the collapse of the Weimar Republic and the introduction of Hitler to the world. I don't want to do that to the banks. Instead, I want more regulation that prevents their extreme laissez faire behavior of the past ten years.....nothing more, nothing less. IMO Paul Krugman doesn't know when to chill. Populist will won't be popular if it puts the country back into recession.