President Obama on Meeting with Bank CEOs
December 15th, 2009 by
The President talks about the importance of loosening access to credit and the necessity of financial regulatory reform in remarks following his meeting with financial and banking leaders at the White House. December 14, 2009. (Public Domain)
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December 15th, 2009 at 8:03 pm
The Com Reinvestment Act attempted to, as for a time, manipulate the price of money which is the interest rate. The interest rate should be tied to the risk of the loan. This is exactly what a bubble is a spread between real and nominal value. The government created the spread between what the risk based interest rate should have been and what it was under the act. The bundling of loans made the damage hard to fix but was not the cause of bubble.
December 15th, 2009 at 8:03 pm
If Ronald Reagan can tell all of the air traffic controls go back to work or else then President Obama can regulate the salaries of the CEO’s with no problem. And if the CEO’s don’t like it then they can Quit well get someone else.
December 15th, 2009 at 8:03 pm
President Obama, we love you, and support you for what you are doing for us all!!!!
December 15th, 2009 at 8:03 pm
To: President Obama, and other Democrats. I hope you dont read this anti-American comments and think that the majority of the country is against you. The radical right wingers are the only people I know who dont want the progress Obama is trying to provide. The only thing I ever hear are people saying that they wish the republicans would stop getting out of the way of progress!!
December 15th, 2009 at 8:03 pm
You’re seriously sending somebody to WorldNetDaily to confirm what you’re saying?
Good grief…
December 15th, 2009 at 8:03 pm
pablowzekiel : Yea, I had no idea what you were saying. “through”, you meant “throw”. rehm123 is one sharp cookie to figger what he said.
December 15th, 2009 at 8:03 pm
So you’re blaming the housing bubble, which was confined to 2005 onwards, on the 16% of loans made by thrift banks governed by the Community Reinvestment Act of 77, rather than the 85% granted by NON-regulated institutions made possible by the Gramm-Leach-Bliley Act of 99, who then bundled and retailed them as obscure MBSs made possible by the Commodity Futures Modernization Act of 2000?
You can really do that with a straight face?
December 15th, 2009 at 8:03 pm
Obama talking shit again.. seriously is this all you can say? what sort of bullshit can you come up with when it is your system that has created it. lol…
December 15th, 2009 at 8:03 pm
Obama you still hearing out of that ear piece, and trying to look likie your reading something lol…. gimp
December 15th, 2009 at 8:03 pm
If I do not know of what I am typing about, Poly, please visit these websites (not to mention of researching altogether):
wnd (dot) com
marketskeptics (dot) com
whatdoesitmean (dot) com
Youtube Search: “Solar Chicken” by PAINSCOURT
That is just a start. I hop you enjoy your Holiday too.
December 15th, 2009 at 8:03 pm
16% more than enough to create a speculative bubble.
December 15th, 2009 at 8:03 pm
sorry about that, being bilingual sometimes you make those mistakes, the problem would have been if you had not understood, so I guess you have some common sense. You should get a job as a spell checker it seems that’s you would do a better job than my browser’s spell checker thanks to your common sense.
December 15th, 2009 at 8:03 pm
I am calling to all people of the world to give attention to my demand and accept the truth of my revelation that the only way for economic recovery is to accept the reality in the event of the second world war that the national treasure of the world was brought to my nation herein the Philippine island and buried for the reservation of my great activity that my Father in Heaven has preparing all these for the fulfillment of his Promise and for the salvation of His people.
THE GOLDEN ERA
December 15th, 2009 at 8:03 pm
He is such a blow hard! He forgets that he got tons of money from Freddie Mac and Fannie Mae in the way of campaign contributions! Now he is attacking the very banking system that supported him.
December 15th, 2009 at 8:03 pm
I suggest you ask your Senators that question. Last I checked, the Pres. did not have the authority to break a filibuster.
December 15th, 2009 at 8:03 pm
The majority of Obama’s huge funding came from donations 200$ or smaller, from individuals. Also, non-US citizens and organizations can’t even contribute to a Pres. campaign. In short, you just don’t know what you’re talking about.
December 15th, 2009 at 8:03 pm
Wait a sec…did I hear that correctly?
Taxpayers will be paid back in full…when can I expect my check in the mail, Barry?
Also, weren’t you part of the team of lawyers who sued banks in order to implement lower lending standards to minorities…many of whom didn’t qualify.
Aren’t you part of the problem to begin with, you lying coward?
December 15th, 2009 at 8:03 pm
Of course they support federal regulatory reform.
DC has been the backbone and enforcement arm of Banking for more than a century.
Sure Obama, keep giving them what they want. Your constituents, the citizens you pledged to represent, don’t matter do they?
No news here.
December 15th, 2009 at 8:03 pm
What is it your waiting for?
December 15th, 2009 at 8:03 pm
Care to cite what percentage of the subprime loans were made by banks that actually fell under the regulation of the Community Reinvestment Act?
Do you even know, or are you just reciting somebody else’s talking points?
December 15th, 2009 at 8:03 pm
“It’s is clear each of of has a stake….”
Sure–some have a positive stake and other’s like you dumbasses, have a strictly negative stake.
Got it?
December 15th, 2009 at 8:03 pm
Paulson, Geithner, and Summers…
December 15th, 2009 at 8:03 pm
This brown paper bag is a sing song orator with no music at all.
His mama’s boy.
December 15th, 2009 at 8:03 pm
A Putin gets those 12 CEO’s in one room and they come out white as sheets and with terror in their eyes.
December 15th, 2009 at 8:03 pm
Debt credit creates nothing.
Very simple.
Never has and never will.
I don’t have time to explain in detail if you do not follow–There Will Be Blood has all the essentials down.