Skip to content

Rookie

01/22/2010

Obama aka the federal government wants to limit the size that banks can reach and their trading practices. He plans to set up an agency to protect consumers from what he calls “fat cats,” all while imposing government regulations to insure that banks can only grow so much, thereby stifling private industry.

A former TARP executive is now saying that Obama is focused too much on limiting size rather than risk. 
Obimbo, still not getting it, has caused stocks to fall because of his reckless comments. Yesterday, some stocks fell as much as 200 points, with the market now having declined 5 percent.  Today, he is backtracking by saying that bank regulators are too hard on banks and consequently banks are less likely to lend. 
Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: