Obama's move on the banks essentially kills the big banks, I would NEVER want to be in his shoes...

[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...

[tridim]

1. Nothing is stopping the banks from running anti-Obama ads now.

And I bet they start within a week.

[uponit7771]

5. hopefully mr nice guy is done and the GOP will be treated like a virus

[FreakinDJ]

2. Guess they will have to "Lend Money" to stay in Business

The Humanity, the Humanity, the Humanity

Banks actually being forced to make loans to stay in business - Da, who wuld da thunk it

[LatteLibertine]

3. Banks

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.

[avaistheone1]

4. Nationalize the banks

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!

[femrap]

6. America is sick of enduring

this bullshit. She is gonna kick some greedy ass.

[Kablooie]

7. Don't worry, it will never pass. We still need 60% in the Senate and will never get it.

[uponit7771]

8. Hmmm, ...then Obama can say reThugs stopped bank reform and run on that in Nov...

[Kablooie]

9. And then the banks can give 100 billion to the GOP candidates and win every election.

No more limits on how much they can pay now, you know.

[uponit7771]

10. Dammit, I forgot about that.....shit....I'm not given up but mama said there would be days like this