Obama: If Taxpayers Bailout AGAIN Prevent 2nd Great Depression Banks Pay Taxpayers Back EVERY CENT!

[SLSmith]

Run time: 01:12 https://www.youtube.com/watch?v=eV7wjy-eLHU   Posted on YouTube: September 14, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: September 14, 2009 By DU Member: SLSmith Views on DU: 1817

 
Obama on Wall Street.

I'm cynical. I keep remembering the fact that candidate Obama & Bernanke had a couple of conversations right before Bernanke/Paulsen went to Congress for Tarp.

http://www.bloomberg.com/apps/news?pid=20601103&sid=a3VpTE8UD7Ss&refer=us

[aquart]

1. No more money for the bottomless pits.

They want some cash? Use the bonus money. Every word I hear about executive compensation makes me want heads on pikes.

[laconicsax]

2. Related: Should The Government Stop Dumping Money Into A Giant Hole?

http://www.theonion.com/content/video/in_the_know_should_the_government

[Mithreal]

3. Either strongly regulate like Canada or keep bailing them out.

And Timothy is no regulator.

[Xicano]

4. What about paying us back every cent we've already bailed them out with?

This is BS! Since when are people responsible for other people's finances? Banks would never just up and GIVE someone a bunch of money much less even just a little bit of money. Fuck them, those mother fuckers owe our asses back what doesn't belong to them.

Fucking thieves!

[Creationismsucks]

5. That title is impossible to parse.

n/t

[Apollo11]

6. You can watch the whole speech at cspan.org

It was an impressive speech. I was positively surprised by how clearly the President set out what his administration is working to achieve in relation to the financial sector.

:kick:

[SandWalker1984]

7. Billions for Banks, Zero for Public Option

We're spending, as a country, $801 billion a year on the Republican president Eisenhower warned Corporate Industrial Military Complex. For what?

1) Is that to defend our government provided national health care. NO!
We don't have single payer national health care for all American citizens. We're told we can't afford it.

2) It that to defend free college education? NO!
We don't have free college education for all American citizens that want it.

3) Is that to defend our retirement from the Wall Street looters? NO!
The fall stock market crash of 2008 and the Wall Street bailout that followed (without strings) showed what they think of OUR retirement security.

4) Is that to protect our borders in conjunction with the war on terror? NO!
Our borders to the south and the north are practically wide open, which costs us taxpayers immensely.

5) Is that to protect our rights to freedom of speech? NO!
Obama just threw Van Jones under the Glenn Beck bus instead of defending his rights to freedom of speech.


President Obama needs to understand that you don't start negotiations with the predatory corporate right from your knees. Apparently he still thinks he is in the Senate, answering to Baccus that's on his corporate knees.

Obama, in his speech to Congress last week, said the public option would not be funded by government. That is the same thing as saying that you can have a car but no gas to run it with. This is a public option in name only and a cruel hoax.

It's time for real change, including REAL health care reform of, by and for the people - not to be defined by the huge corporations and their well-known hucksters in the media that we hear cheerleading for their corporate masters every day on the "media" with their distortions and fear tactics.

Quit bailing out the rich with our tax dollars.

[pundaint]

11. Nicely said +1

[Donnachaidh]

8. I want them to pay back loans + 30 % compound interest.

Let THEM feel the pain they put their customers through.

[aquart]

13. Now THAT's a sensible and constructive suggestion.

[Donnachaidh]

14. it's the FAIR thing to do, it really is.

They've bankrupted people - they've foreclosed on homes. Why shouldn't they be given a taste of the pain they've inflicted?

[aquart]

15. Indeed.

[Reform]

9. STOP PRINTING MONEY

That is all

[Better Believe It]

10. And just why don't the banksters have to pay back this money?

[LatteLibertine]

12. Exactly

If they want more money let them get it from the most wealthy 1-10% who benefit from their practices.

I have no problem with folks gambling as long as they face the consequences when it doesn't pan out. Also they should use their money and that of their friends who agree to taking the risk.

[Quantess]

16. FUCK the bloodsuckers!

Obama has been an enormous disappointment so far, giving away all the money to the corrupt bankers.

I like Obama otherwise, but NOT when it comes to financial bailouts.