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Obama's addressing Wall Street this morning in a different tone than he's been addressing his work union groups the past month.
I'll analyze this for us all: minute by minute..
1. Blah blah blah, crisis crisis blah crisis.
2. Recovery beyond damage to Wall St. traders, banks blah..
3. Blah blah people unemployed 700K per month blah
4. 250billion stimulus reserve, we said we'd spend just not yet
5. Re-regulation is coming and we want you all to tell me how you little is enough.
6. Things can't go on with govt breaking your fall again
7. Credit card gouging is bad blah blah blah
8. Lack of clear rules, teaser rates, ground rules blah blah
9. Close the loopholes, regulators inactive, stymiestochaic systemastic blah loans to somebody else
10. This crisis blah oversight nobody looking blah
11. Trees and forests, bunnies unicorns and accountable hope and change
12. Require financial firms greater capital but restrain them from using anything but Govt resources
13. I propose resolution authority which resolves the "too big to fail" notion because I will continue bailing banks out since I am not Lehman Bros, AIG or Goldman, I will not fail. We can always rely on tapping the taxpayer thru the Federal Reserve in a rapid and chaotic way such as we have been doing - which the taxpayer will be required to pay themselves back 100 percent.
14. We'll figure some more of this out at the G20 meeting in Pittsburgh next week, because I have some gaps not necessarily in the top of my head but also in my understanding. And this is something secretary Geithner knows full well, just look at his tax returns..
15. Each time we meet, we reaffirm against resolutions to resolve provisions maintaining blah blah blah, the G20 discussions will include other countries' fault in our lack of regulations.
16. I have always been a strong believer in the power of the free market, so much that I have avoided work in the private sector - enjoying government-funded housing myself as I do - so I speak for the free market while having no such experience..
(more still... he won't stop talking unfortunately..)
I'll analyze this for us all: minute by minute..
1. Blah blah blah, crisis crisis blah crisis.
2. Recovery beyond damage to Wall St. traders, banks blah..
3. Blah blah people unemployed 700K per month blah
4. 250billion stimulus reserve, we said we'd spend just not yet
5. Re-regulation is coming and we want you all to tell me how you little is enough.
6. Things can't go on with govt breaking your fall again
7. Credit card gouging is bad blah blah blah
8. Lack of clear rules, teaser rates, ground rules blah blah
9. Close the loopholes, regulators inactive, stymiestochaic systemastic blah loans to somebody else
10. This crisis blah oversight nobody looking blah
11. Trees and forests, bunnies unicorns and accountable hope and change
12. Require financial firms greater capital but restrain them from using anything but Govt resources
13. I propose resolution authority which resolves the "too big to fail" notion because I will continue bailing banks out since I am not Lehman Bros, AIG or Goldman, I will not fail. We can always rely on tapping the taxpayer thru the Federal Reserve in a rapid and chaotic way such as we have been doing - which the taxpayer will be required to pay themselves back 100 percent.
14. We'll figure some more of this out at the G20 meeting in Pittsburgh next week, because I have some gaps not necessarily in the top of my head but also in my understanding. And this is something secretary Geithner knows full well, just look at his tax returns..
15. Each time we meet, we reaffirm against resolutions to resolve provisions maintaining blah blah blah, the G20 discussions will include other countries' fault in our lack of regulations.
16. I have always been a strong believer in the power of the free market, so much that I have avoided work in the private sector - enjoying government-funded housing myself as I do - so I speak for the free market while having no such experience..
(more still... he won't stop talking unfortunately..)
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