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Davos: Wall Street To Lobby Against Obama Reforms At World Economic Forum This Week

First Posted: 03/27/10 06:12 AM ET Updated: 05/25/11 04:20 PM ET

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World Economic Forum Bank Lobby Obama Reforms
Wall Street Is Expected To Lobby Against Obama Reforms At The World Economic Forum

guardian.co.uk:

Banking chiefs will head to Davos this week where they are expected to use the Swiss ski resort's annual economics jamboree to quietly lobby against Barack Obama's proposed clampdown on risk-taking and mergers.

Read the whole story: guardian.co.uk

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Banking chiefs will head to Davos this week where they are expected to use the Swiss ski resort's annual economics jamboree to quietly lobby against Barack Obama's proposed clampdown on risk-taking an...
Banking chiefs will head to Davos this week where they are expected to use the Swiss ski resort's annual economics jamboree to quietly lobby against Barack Obama's proposed clampdown on risk-taking an...
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huff po fan
2 Fans
03:26 PM on 01/25/2010
Motive? Money
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DiogenesOfAlaska
Mitt Romney for president - of the Cayman islands!
338 Fans
01:53 PM on 01/25/2010
The bankers will love to point out that unilateral moves don't help - knowing that if anybody takes that bait, the net result is that LESS will happen.

And they will love to claim that the recent proposals do not address the causes of the crisis - and if the proposals DID address the causes of the crisis, bankers would point out that it doesn't help to fight the last wars, since the next problem will be showing someplace else, totally unexpected, because financial markets are so efficient that it can only be so.

Predictable crises are for babies, not for bankers. Too bad that the crisis was not only predictable but also predicted. And that efficient capital markets do not support banks - which thrive only in 'subdeveloped' market economies, not in full-fledged ones.

I'm kind of getting tired of this. There's only so much fun in pointing out to a group of people that all their mistakes result from the same small list of groupthink errors and self-contradictions.
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Variegated
9 Fans
12:55 PM on 01/25/2010
How can you plot against someone who has your best interest at heart? Smoke and mirrors.
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Peabodies
We are the Many. They are the Few.
324 Fans
12:49 PM on 01/25/2010
Davos WEF? Trilateral Commission? Bilderberg Group? Whenever these folks get together it's bad news for us. We should keep an eye on those who attend all three, and how many are also enamored of WTO, GATT, NAFTA, CAFTA and all those sinister agreements. I think Naomi Klein warned us against them in The Shock Doctrine.
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HUFFPOST SUPER USER
hulagirrrl
446 Fans
01:36 PM on 01/25/2010
The likes of Tim Geithner???????/
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lvdragonlady
409 Fans
01:51 PM on 01/25/2010
Stop believing everything your read.
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Wrenigade
55 Fans
01:56 PM on 01/25/2010
Even better, Obama should send Paul Volker, Eliot Spitzer and Austin Goolsbee to rebuttal EVERY single issue/effort that the Wall Street crownd lobbies against point-by-point. BE VISIBLE and BE VOCAL and STOP letting the Wall Street, Healthcare and Tea Party lobby narrative go unchallenged!! Man Up, Mr. President!
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Mike4Obama
113 Fans
11:15 AM on 01/25/2010
Republicans are going to be overwhelmingly against them too.

If that tells you anything.
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lvdragonlady
409 Fans
01:51 PM on 01/25/2010
IT should tell Americans that the GOP is all about big business and themselves and NOT the people that put them in office.
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wdent
4 Fans
11:05 AM on 01/25/2010
Say what?!? Truly shocking.... [not]... I've decided my new 'term' is Predatory Capitalism to more accurately describe their activities. To say they merely 'invest' in anything is too simple and narrow - as the true mission is to load up everything/everybody in sight with debt owed to them.
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treat2day
Be Yourself. Everyone Else Is Taken
112 Fans
10:42 AM on 01/25/2010
Old NEWS!

I am over the Wall Street bully stories.
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marinade
All of the above.
520 Fans
10:37 AM on 01/25/2010
They lobby against taxpayers and use taxpayer dollars to do it.
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HUFFPOST SUPER USER
Corners
31 Fans
 
01:36 PM on 01/25/2010
This
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no beranke
0 Fans
10:10 AM on 01/25/2010
we must end the bank bailout cycle.

good articles: http://iamned-website.blogspot.com

i'm crossing my fingers that bernanke doesn;t get enough votes for 2nd term.
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DeniseD
25 Fans
01:05 PM on 01/25/2010
Me, too. I still have some hope.
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