Wall Street's "Complacency"

In his address on Wall Street, President Obama warned against returning to reckless behavior that nearly collapsed the economy.

Category:

News & Politics

Tags:

• president
• obama
• youtube
• wall
• street
• economy

[beancube2010]

This Wall St overhaul needs some alternative thinking. Where will these bankers resort to raise those bail out reserve when our govt legislate them into it? The money would still be from us, the people who use banks for mortgage and paying utility fees. People must rethink the philosophy of banks. Keep adding to these monsters are just fooling ourselves. We must scale down the impact of banks in our economy by distributing their functionality into thinner layers of services.

[beancube2010]

While this country's employment, businesses and living standard are going into a dead end without any Alternative route, these multi-national corporations can move elsewhere and sell out our local resources and properties in desperation among their black mailing wars like the 2008 crisis of melt down again.

[beancube2010]

Banks and Wall Street don't need more money reserves. They should be small size and thin, robust and high speed with various fault tolerances; not thick, heavily loaded and easily cloaked with product literature written in meaningless languages and clauses. Can any corner store block all traffic of an entire community? Bank and credit institutes no long serve savings but become over charges blood sucking monsters in our economy. What are the reasons they reserve but people have to provide?

[joe3292]

Bush earned his disrespect by behaving like an idiot and not letting smarter heads prevail. Notice how the recession hit the hardest when he was finishing his second term. Wall St people knew right there that the party was over and there nobody wanted to take control of such a financial mess. Obama was the only one who had the balls to step in to clean this mess up. You can say that he's a superintendant cleaning up after the rich people's financial party.

[machngunjoe]

yeah and how too disrespect Obama, when disrespecting Bush was such a "no no", that is hypocrisy

[Duobitdezo]

Too bad the right only knows reckless behavior.