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.