uponit7771
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Thu Jan-21-10 11:58 AM
Original message |
Obama's move on the banks essentially kills the big banks, I would NEVER want to be in his shoes... |
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Edited on Thu Jan-21-10 11:59 AM by uponit7771
...please pray for him or send him some really good vibes....he needs it right now.
Explanation: The banks weren't making money organically by lending in the last 1.5 years they've been doing it on the trading floor and have been VERY OPEN about it. They take your savings and 0% money from the reserve, put them into the DOW and that has been a good part of the DOW uptick. People who trade have been seeing days where "someone" buys 200,000 shares of S&P futures out of the blue LITERALLY 5 MINUTES FROM OFFICIAL CLOSING from no where on down days and taps margins on short positions and then there's a 150 point uptick in the indexes because of covering. This is not conspiracy theory stuff they've been doing this right in front of our faces and then the banks openly say in their quarterlies that they've been making the lion share of their money off of trading.....not lending.
America will endure as she has endured...
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tridim
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Thu Jan-21-10 11:59 AM
Response to Original message |
1. Nothing is stopping the banks from running anti-Obama ads now. |
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And I bet they start within a week.
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uponit7771
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Thu Jan-21-10 12:22 PM
Response to Reply #1 |
5. hopefully mr nice guy is done and the GOP will be treated like a virus |
FreakinDJ
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Thu Jan-21-10 12:00 PM
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2. Guess they will have to "Lend Money" to stay in Business |
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The Humanity, the Humanity, the Humanity
Banks actually being forced to make loans to stay in business - Da, who wuld da thunk it
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LatteLibertine
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Thu Jan-21-10 12:01 PM
Response to Original message |
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Edited on Thu Jan-21-10 12:03 PM by LatteLibertine
that are too big to fail are too big to exist. The Wall Street casinos must be isolated from commercial banking.
Unless you're interested in them showing up for taxpayer money every time they screw up their gambling on an epic scale. I still say it was a purposeful calculated jack. Not a crisis.
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avaistheone1
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Thu Jan-21-10 12:11 PM
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and shut down the too big to fail banks that behave like casinos.
Oh the poor big banks and their big billion dollar bonuses. Boohoo!
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femrap
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Thu Jan-21-10 12:23 PM
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6. America is sick of enduring |
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this bullshit. She is gonna kick some greedy ass.
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Kablooie
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Thu Jan-21-10 12:30 PM
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7. Don't worry, it will never pass. We still need 60% in the Senate and will never get it. |
uponit7771
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Thu Jan-21-10 12:32 PM
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8. Hmmm, ...then Obama can say reThugs stopped bank reform and run on that in Nov... |
Kablooie
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Thu Jan-21-10 12:40 PM
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9. And then the banks can give 100 billion to the GOP candidates and win every election. |
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Edited on Thu Jan-21-10 12:40 PM by Kablooie
No more limits on how much they can pay now, you know.
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uponit7771
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Thu Jan-21-10 12:47 PM
Response to Reply #9 |
10. Dammit, I forgot about that.....shit....I'm not given up but mama said there would be days like this |
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Wed Apr 17th 2024, 11:00 PM
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