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07:29 PM on 09/14/2009
Obama is very good at the tone of adminition and the minatory stare, and certainly he was critical of the people in front of him who sat on their hands and stared smugly back at him.

They can afford to be smug. Whatever his criticisms, they know they hold the whip hand. They know his threats are empty, and they know they'll be just fine. Whatever the state of the economy, they'll just go on blowing bubbles.
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07:26 PM on 09/14/2009
Why is this a surprise to anyone that can count to ten? Wall Street is a casino and ponzi scheme. Joe Kennedy was the first man in charge of the SEC. Why ? because Roosevelt said it takes a thief to know a thief.

So when two or more thieves get together what happens???? Wall street
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dianhow
former Repub till W
07:47 PM on 09/14/2009
Jeff Exactly my man I believe the SEC or Nasdaq had been run Madoff !
So yes- Its a systemic toxic corruption problem not created by Obama.
And who has been in power 20 of 28 yrs- many with a GOP congress ?
Correct- Reagan Bush & W . Even Clinton had a GOP congress- and caved to pressure.
THis is not about blame - its about accountability. GOP has never accepted ANY ' blame' for this
world wide meltdown - that tells me- they intend to KEEP DOING THE SAME THING OVER
AND OVER IT WORKED FOR THEM JUST FINE.
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HUFFPOST COMMUNITY MODERATOR
underoath
Crank up the crazy and rip off the knob !!
07:21 PM on 09/14/2009
The fevered swamp's of conservatism
http://www.youtube.com/watch?v=UASS1qFAIQ8&feature=player_embedded
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PaxEterna
07:21 PM on 09/14/2009
While the people are way ahead of the government on most issues, they have not generally caught up with the FACT that trillions of dollars of PRIVATE DEBT have been transferred to the PUBLIC.

This will last generations, and who will suffer? The people, not the fat cats in DC, NYC, DETROIT or anywhere else that is home base to special interests aka corporate America.
07:36 PM on 09/14/2009
So there you have it. This is a plutocracy, government by the rich class. Government is not the problem, but a government run by the rich is the problem.

People need to take control again. Obama is the one to follow on this even though it may not seem to be the case at times.

He is not part of the rich class, only trying to save our corrupt system so the middle class can get healthy again. Pun intended.
07:51 PM on 09/14/2009
I see a chicken part in every pot right around the corner.
08:43 PM on 09/14/2009
Didn't have to happen.

Millions were saying NO BAILOUTS, no loans, not backstopping failed banksters.
07:19 PM on 09/14/2009
wall street is corrupt....what else is there to say ?
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IntelligentDesign
In this respect Sarah
07:23 PM on 09/14/2009
Pass and enforce tougher legislation, for one.
07:29 PM on 09/14/2009
waiting.....

waiting.....

waiting.....
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TheWestLA-Banned
07:37 PM on 09/14/2009
I'm not gonna pay a lot for this muffler?
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Dolphinfan65
The Revolution is happening NOW!!
07:19 PM on 09/14/2009
I don't know why, everybody is surprized that they don't care? No hard rules are changed and from what I'm hearing, no rules will be changed, soon, so why should they change?
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07:18 PM on 09/14/2009
I confess that I haven't been angry at the banks in months.
07:29 PM on 09/14/2009
amnesia ?
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mouselion
07:30 PM on 09/14/2009
Why not?
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07:17 PM on 09/14/2009
For some reason, I believe everything Rod Blagojevich says.

I think he is being railroaded.
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07:23 PM on 09/14/2009
Don't worry. Your insanity might be only temporary.
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07:26 PM on 09/14/2009
Ha!
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07:28 PM on 09/14/2009
..me too!
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Forestwildcat
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07:17 PM on 09/14/2009
Government needs to get out of the way and let them fail, it might cause some problems short term but our grandchildren would be very thanful
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EconPadawan
Too short for a stormtrooper. Too tall for a ewok.
07:22 PM on 09/14/2009
Total cost of wars since 2001: $909,436,915,780

I think our grandchildren would have been thankful if we never entered to pointless wars.
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Forestwildcat
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07:24 PM on 09/14/2009
I will not debate the pointless issue with you but of course they would be better off not having to deal with that debt
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07:37 PM on 09/14/2009
That's assuming all our children survive our questionable healthcare system to have grandchildren.
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EconPadawan
Too short for a stormtrooper. Too tall for a ewok.
07:22 PM on 09/14/2009
Total cost of w ars since 2001: $909,436,915,780

I think our grandchildren would have been thankful if we never entered to pointless w ars.
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moutonnoir
iconoclastic demagoguery
07:29 PM on 09/14/2009
all of our consciences are tainted by allowing this to be done in our names.. it hurts.
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siasina
07:17 PM on 09/14/2009
Obama shouldn't be going to Wall Street with a speech, he needs to go there and clean house, take all the white shoe Wall Street boys to a super max federal penitentiary.

But nvm...He won't do that, he's in their pockets.
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dwright
Religion is man-created.
07:16 PM on 09/14/2009
why isn't the article about Obama telling Wall STreet to shape up the main?
07:16 PM on 09/14/2009
some very high profile players in this disaster need to be indicted, prosecuted and sent to jail, including the regulators, particularly at SEC who have not only looked the other way, but in some cases were complicit in this massive looting of the taxpayers. Hopefully, Cuomo and the NY courts are starting to pierce the veil, but Obama has been way too tepid in pursuing this. Time for AG, Eric Holder to get off his ass and start appointing special prosecutors.
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07:14 PM on 09/14/2009
My outrage has lasted more than four hours. Should i call my doctor?
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07:17 PM on 09/14/2009
only if the problem persists longer than 4 weeks.
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TheWestLA-Banned
07:27 PM on 09/14/2009
But not if it is a pre-existing outrage.
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Forestwildcat
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07:18 PM on 09/14/2009
Go to the er
07:13 PM on 09/14/2009
The day everything - and nothing - changed

A year ago (9/15), the collapse of Lehman Brothers set off a panic some called the end of capitalism. Today, bailed-out banks are again posting record profits.

Goldman Sachs Group Inc., that gilded bastion of Wall Street, emerged from the muck of the Great Recession with a staggering ( and record breaking) quarterly profit of $3.44-billion. Goldman, J.P. Morgan, Morgan Stanley and others that HAVE PAID BACK THEIR LOANS and dispensed with government shackles.

Already, THE TOP FIVE U.S. BANKS HAVE EARNED MORE THAN $23-BILLION IN PROFIT in the first half of this year.”

Goldman received $10-billion in bailout money from Washington nine months earlier, but the firm paid it back by the spring, and was now free to do more or less what it liked. The firm's traders were feasting on volatile stock markets and a growing appetite for corporate debt. And, of course, several of Goldman's long-time rivals were enfeebled or extinct, giving it more command of the playing field – and of lucrative fees.
http://www.theglobeandmail.com/news/world/the-day-everything---and-nothing---changed/article1285103/
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moutonnoir
iconoclastic demagoguery
07:18 PM on 09/14/2009
The bailouts will never be fully repaid. You are cherry picking. Goldman was a nasty bit of it, but where is that 150 odd billion we gave to AIG to give to them?

It is all rotten.. We gave these same banks so much $ in so many ways - that they even paid back 10b is remarkable... They know they did not have to.
07:44 PM on 09/14/2009
Again, I repeat, your defense is trite. This topic is after all WALL STREET and it is Wall Street that almost c.rashed the world's economies.

Those that have not failed have paid back their bailout funds and are raking in record breaking profits - a sign that the bailout worked and the recovery is happening.

Now, you point to your little S+L down the street and p,out: "well well, they have not yet paid it back........" Indeed, but that little bank could not even cause a ripple in the economy.

Like I often post: please do make an effort to read financial newspapers.
07:46 PM on 09/14/2009
Oh, right, AIG is insurance and NOT investment banking.
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07:19 PM on 09/14/2009
Hey! Just last night you were telling us that we should be celebrating the fact that banks have returned to their crooked ways.
You said that that is a sign that all is well now.
(ugh! too many "thats" in that sentence. but what the heck.)
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treat2day
Be Yourself. Everyone Else Is Taken
07:10 PM on 09/14/2009
They had no problem with martha getting locked up.

It is time for some of the good ole boys club to dilute.
07:18 PM on 09/14/2009
EXACTLY