Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Hardball: Perlstein from the Washington Post "It's not our job to make Wall Street guys happy."

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 05:51 PM
Original message
Hardball: Perlstein from the Washington Post "It's not our job to make Wall Street guys happy."
Edited on Tue Feb-10-09 05:55 PM by Skidmore
Said the big money guys were waiting for truckloads of money back up on WS and unload. Said they've shown no remorse, gratitude, or offered any plan of their own as to how to help turn this shipwreck around. All Tweety could respond with was that because he owns stock he's worried about things spiralling ever downward if the market goes below 8000. So that explains why Tweety sat there and kept nervously arguing that WS hadn't heard something important from the President and Geithner yet. Ha! But he sure heard a whole lot of truth from this Mr. Perlstein, a truth that should be broadcast by us all.
Printer Friendly | Permalink |  | Top
Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 05:52 PM
Response to Original message
1. I said that earlier during Geitners speech. They were pissed he didn't say
something that completely catered to them. He seems concerned with being reckless with the money. Unlike Paulson
Printer Friendly | Permalink |  | Top
 
renate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 06:01 PM
Response to Reply #1
3. I sure hope the White House gets this take on it out to the masses
Because on the face of it, of course, Wall Street's response (in the easily understandable form of the Dow Jones, anyway) was pretty negative.

I think taxpayers would actually be pretty happy to hear that Wall Street is pouting because they didn't get everything they wanted. So I really hope that particular bit of propaganda can be catapulted effectively.

Printer Friendly | Permalink |  | Top
 
lxlxlxl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 05:58 PM
Response to Original message
2. The Dow is used as a political indicator...that's just a reality...
He was really on point putting the responsibility on the markets...I wish he would have added that the way journalists rely on the closing Dow numbers as some sort of judge about what happened is pretty reckless and not reliable. I don't really fault Matthews for asking the question, people need to answer it, and I dont think it needs a blatant setup.
Printer Friendly | Permalink |  | Top
 
Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 06:04 PM
Response to Reply #2
4. I'd like Wall Street folks to address the points that Perlstein made.
I'm getting pretty sick of this faceless city street that holds the power of life and death for so many. A bunch of cowards in expensive suits hiding in conference rooms.
Printer Friendly | Permalink |  | Top
 
lxlxlxl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 08:53 PM
Response to Reply #4
10. agreed...I think the country accepts financial greed and superiority a little too readily
mind you, 'Wall St.' is just a blanket term for international finance, greenwich connecticut, los angeles, houston, london, etc...etc... is just as complicit.

there are good people that work in finance, especially in journalism, but they are overwhelmingly crowded out by the general attitude of the country and the silence of CEOs

Printer Friendly | Permalink |  | Top
 
uponit7771 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 07:52 PM
Response to Original message
5. The market IS below 8000!! The DOW closed at 7889 today and Perlstein is right those bastards at
...the banks are askin us for cash and telling us to fuck off.

Fuck them, nationalize their ass's and then tank their rates to get housing going and raise the rates after momentum
Printer Friendly | Permalink |  | Top
 
eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 07:58 PM
Response to Original message
6. Best guest of the evening for Tweety
I liked how Pearlstein whittled the Wall St CEOs down to crybaby size.

He said that Wall St is hunkered down. Well, they better call out for thermoses, sandwiches and sleeping bags. Or maybe they should just curl up in their thousand dollar trash baskets and suck thumb.
Printer Friendly | Permalink |  | Top
 
Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 08:00 PM
Response to Reply #6
7. It's time for the people to kick tush, I think.
They need to share in the pain they've inflicted on millions. The last thing we should be worried about is that their lifestyles have been compromised or that they are learning to live with less.
Printer Friendly | Permalink |  | Top
 
eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 08:16 PM
Response to Reply #7
8. There appears to be a "Sociopath Class"
Printer Friendly | Permalink |  | Top
 
renate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 09:57 PM
Response to Reply #6
11. since I originally left my post about the quote, I had a chance to actually see him
He was awesome! He really got the shiv in there but with a smile on his face--he really explained very clearly why Wall Street is still crying and how we shouldn't care.
Printer Friendly | Permalink |  | Top
 
Tatiana Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 08:45 PM
Response to Original message
9. It was a fantastic interview in which Tweety actually let his guest explain his POV.
When Tweety is "on," he does host one fantastic and informative political program.
Printer Friendly | Permalink |  | Top
 
asphalt.jungle Donating Member (792 posts) Send PM | Profile | Ignore Tue Feb-10-09 10:37 PM
Response to Original message
12. video link
Printer Friendly | Permalink |  | Top
 
BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 11:01 PM
Response to Reply #12
13. That was refreshing
Thanks for posting.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Dec 26th 2024, 05:23 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC