OBama to Banks "IM AN ASSCLOWN"

[TIGERJC]

I agree with most of the points, but fuck the banks and he is stupid to think by giving banks money they would lend. Wall street doesn't give two cents about anyone, except for greed and we should have let them get buried by their own greed. If you wanted them to lend then you should have broken up the banks and made them smaller.

I knew the Banks would take tax payer money and then raise the rates on customers who pay their bills just so that you can quickly pay back a bull shit zero interest life line that should have not be given to those greedy bankers in the first place. Banks have not learned and they will fuck up again

[Vteckidd]

I agree with most of the points, but fuck the banks and he is stupid to think by giving banks money they would lend. Wall street doesn't give two cents about anyone, except for greed and we should have let them get buried by their own greed. If you wanted them to lend then you should have broken up the banks and made them smaller.

I knew the Banks would take tax payer money and then raise the rates on customers who pay their bills just so that you can quickly pay back a bull shit zero interest life line that should have not be given to those greedy bankers in the first place. Banks have not learned and they will fuck up again

there is a lot of truth to your statements as well. But you cant get rid of banking all together that wont work right? They have to exist in some form or another.

The problem is EVERYBODY is screaming about bonuses, bailouts, banks, etc CAUSING the financial melt down, but then on the other hand you say "please sir give me some more".

Theres a lot of stuff going on that is affecting lending.

1) SMall business DOES NOT WANT TO HIRE OR GROW right now because they are UNSURE of what OBAMANOMICS is going to do to them. Healthcare Taxes looming, Cap And Trade taxes sending fuel costs up, consumer confidence down, markets volatile, etc. People are cutting BACK, not expanding. That means they arent APPLYING for loans, thats not the banks fault.

2) Obama is famous for criticizing the industry on one hand to suit his own needs, then trying to sweet talk or demand action from the very same industry he put down. Case in point: Healthcare. Demonize the EVIL INSURANCE COMPANIES OUT TO MAKE A PROFIT, try to replace them by using a Govt Option, but if that doesnt work, try to be nice to them so they can at least try and support your plan on some platform.

3) you cant say "Fat Cats with golden parachutes at Banks caused this financial crisis through irresponsible lending". Then turn around and say "guys you have to start making more loans, poeple you rejected, look at them again , maybe even 3 or 4 times". Makes NO SENSE.


Banks were lending to EVERYONE which is what got us in this mess. Now, they are showing restraint by ONLY loaning to SURE things, and they are being told they are being too strict. You cannot have it both ways. If Obama would just shut his mouth on things he obviously doesnt understand, and focus on giving the small business people REASONS t o expand the lending problems would solve itself.

Instead hes going to force the banks to make bad decisions AGAIN and just prolong this thing another 5-7 years

[bu villain]

Banks want to make money. They do that by giving out loans to people they believe can repay them with interest. Does Obama think they don't want to make money now, does he want them to make bad loans, or does he think they are unable to determine how reliable people are? I just want to know what the logic is here.

[TIGERJC]

there is a lot of truth to your statements as well. But you cant get rid of banking all together that wont work right? They have to exist in some form or another.

The problem is EVERYBODY is screaming about bonuses, bailouts, banks, etc CAUSING the financial melt down, but then on the other hand you say "please sir give me some more".

Theres a lot of stuff going on that is affecting lending.

1) SMall business DOES NOT WANT TO HIRE OR GROW right now because they are UNSURE of what OBAMANOMICS is going to do to them. Healthcare Taxes looming, Cap And Trade taxes sending fuel costs up, consumer confidence down, markets volatile, etc. People are cutting BACK, not expanding. That means they arent APPLYING for loans, thats not the banks fault.

2) Obama is famous for criticizing the industry on one hand to suit his own needs, then trying to sweet talk or demand action from the very same industry he put down. Case in point: Healthcare. Demonize the EVIL INSURANCE COMPANIES OUT TO MAKE A PROFIT, try to replace them by using a Govt Option, but if that doesnt work, try to be nice to them so they can at least try and support your plan on some platform.

3) you cant say "Fat Cats with golden parachutes at Banks caused this financial crisis through irresponsible lending". Then turn around and say "guys you have to start making more loans, poeple you rejected, look at them again , maybe even 3 or 4 times". Makes NO SENSE.


Banks were lending to EVERYONE which is what got us in this mess. Now, they are showing restraint by ONLY loaning to SURE things, and they are being told they are being too strict. You cannot have it both ways. If Obama would just shut his mouth on things he obviously doesnt understand, and focus on giving the small business people REASONS t o expand the lending problems would solve itself.

Instead hes going to force the banks to make bad decisions AGAIN and just prolong this thing another 5-7 years

I do believe we need more regulation.

There is a lot of greed in the financial world and more regulation will off set the problems that come with it (Just make it a little harder for them to screw the American ppl). I wish I could remember what exactly the banks were doing to screw themselves. 60 minutes did two great programs describing the complex games banks were playing with oil and housing that cost them big when they kept playing a hand that sooner or later would catch back up with them. Banks are the main factor in rise of energy prices in the world b/c how they were using futures to create a demand that was not truly there b/c they had the capital to put fear in the market that oil will be scarce tomorrow even though we have excess today. So when oil came crashing down, that struck a huge blow that they didn't need since banks were already bleeding badly from the housing crisis. With the housing market, banks were hoping ppl would lose their houses (Just not that many) b/c housing prices and home buyers were steady rising over the years and became big business for banks to sell those loans to other banks.

[preferredduck]

I agree with most of the points, but fuck the banks and he is stupid to think by giving banks money they would lend. Wall street doesn't give two cents about anyone, except for greed and we should have let them get buried by their own greed. If you wanted them to lend then you should have broken up the banks and made them smaller.

I knew the Banks would take tax payer money and then raise the rates on customers who pay their bills just so that you can quickly pay back a bull shit zero interest life line that should have not be given to those greedy bankers in the first place. Banks have not learned and they will fuck up again

the sad part is the bailout money they got they did not lend out, they bought other banks and assets to benefit them and screw us. there are still alot of foreclosures that have yet to be even put on the books yet so watch out for an even worse round of foreclosures.