National Economic Council Chair Lawrence Summers speaks the fundamentals of financial regulatory reform to a meeting of stakeholder groups at the White House. October 14, 2009. (Public Domain)
I think that the fact is our creepy politicians are ignoring what is recognized as THE GENESIS OF THE FINANCIAL MELTDOWN, THE EXPLOSION OF THE HOUSING BUBBLE. All of that stinky paper that screwed up the financial markets would still be good if there was not a HUGE EXPLOSION OF THE HOUSING BUBBLE. Greedy Ameritards bought houses they could not afford and lots of other junk. Time to start at the beginning and liquidate Fannie and Freddie!
And summers, Paul Volcker could mop the floor with when it comes to economics. He's the only Fed governor in decades who had the balls to jack interest rates up to 20%+ to stop inflation. You're as spineless and Greenspan and Bernanke; that's the reason you're forcing Volcker to the sidelines and those of us who know economic history can see right through you.
Now why would Obama even talk to these people, but has already meet with them. all he has to do is sign it. That allow will give them all the power they need. Cause if Obama signs it he will allow them what they need.
Larry Summers is a perfect example of why Obama is a complete fraud. He sold himself out to Wall Street and now he's trying to sell out our sovereignty.
Rather than solve any problems let's dress them up in pretty clothes and play house music in the background. Then we'll have teeny-bopper problems that sound cute and cool. Instead of a decadent society on the brink of collapse we have a laughable banking system of idiots that we get to make fun of. Ha-freaking-ha.
Let's solve these problems with the same solutions posed by Bush, Clinton and Reagan. Let's solve it their way again - it worked last time, right?
I think that the fact is our creepy politicians are ignoring what is recognized as THE GENESIS OF THE FINANCIAL MELTDOWN, THE EXPLOSION OF THE HOUSING BUBBLE. All of that stinky paper that screwed up the financial markets would still be good if there was not a HUGE EXPLOSION OF THE HOUSING BUBBLE. Greedy Ameritards bought houses they could not afford and lots of other junk. Time to start at the beginning and liquidate Fannie and Freddie!
tickyul 1 year ago
"through no fault of their own"
Fucking bullshit.
LamboK28992 1 year ago
@bobbygnosis It worked great.
LamboK28992 1 year ago
And summers, Paul Volcker could mop the floor with when it comes to economics. He's the only Fed governor in decades who had the balls to jack interest rates up to 20%+ to stop inflation. You're as spineless and Greenspan and Bernanke; that's the reason you're forcing Volcker to the sidelines and those of us who know economic history can see right through you.
bobjman 2 years ago
Financial Reform-
Use our income tax for War and MURDER
not for helping our sick
STEAL more money with insurance premiums so the Rockefellers and Rothschilds can create more "terrorists" via Saudi Arabia>Pakistan>Taliban
Use Amreican Resources so thise jerks can reap windfall profits "controlling the price" of oil, and selling Opium
WAY TO GO !!! That's what I call TREMENDOUSLY SUCCESSFUL FINANCIAL REFORM
GENIUS !!!
rungy07 2 years ago
Lol Rasmussen Report! Hahah who trusts those dorks
numnunums 2 years ago
Now why would Obama even talk to these people, but has already meet with them. all he has to do is sign it. That allow will give them all the power they need. Cause if Obama signs it he will allow them what they need.
MrSTANDFORAMERICA 2 years ago
Larry Summers is a perfect example of why Obama is a complete fraud. He sold himself out to Wall Street and now he's trying to sell out our sovereignty.
jwinter228 2 years ago
The man in this video Is your leader, not Obama.
st4ticblu3 2 years ago
An outstanding demogogue.
Rather than solve any problems let's dress them up in pretty clothes and play house music in the background. Then we'll have teeny-bopper problems that sound cute and cool. Instead of a decadent society on the brink of collapse we have a laughable banking system of idiots that we get to make fun of. Ha-freaking-ha.
Let's solve these problems with the same solutions posed by Bush, Clinton and Reagan. Let's solve it their way again - it worked last time, right?
bobbygnosis 2 years ago