The Big Banks and Brokerages are K Street republicans and will do what ever it takes

[Peacetrain]

to stonewall the President and the Democrats. Take this one to that proverbial bank.. (better yet go to a credit union)

The stimulus had small business loans in its stipulations, but the bank bailouts did not.. the large banks are invested in the internationals.. because they are internationals with no loyalty to nation. (That was part of the first Bushs push in his a new world order speech..but I digress..)


The President is going to take the big boys to task on this tomorrow.. and it needs to be broadcast here there and everywhere.

The bank bailouts were give aways, the last part of the Bush legacy.. and the Obama stimulus were loans.. good to keep that separated in our minds, because the right is going to jump ugly with this and try and muddy the waters..

[DJ13]

1. The President is going to take the big boys to task on this tomorrow

He should have pushed Geithner and Congress to force concessions from them on day one.

Talk doesnt mean anything to the bankers, especially after they've already secured their year end bonuses.

[Peacetrain]

2. We could bring back the stocks and public flogging..

I am being facetious there..but back in January.. we were damn lucky to get a stimulus loan program through that saved the auto industries, and put a tremendous flush of money into the green side ..

[DJ13]

3. By all accounts this crisis began as a consumer downturn

Wouldnt obtaining concessions on consumer credit been the smart thing to do when the banks were pleading for their lives?

[Peacetrain]

4. I am not going to disagree with that at all.. we could have handed that bank

giveaway a lot better.. but again, they did not do it as a loan program the way the Democrats did with the stimulus.

And it is just greasy to see those guys act like that.

I am glad of one thing.. the stimulus money has been hung on too with a much tighter grip than what they did in 2008.

I know a lot of criticism has been handed to the current administration for not getting it out there more quickly, but there might be a method to the madness, or a lesson learned from the previous admins.

[Waiting For Everyman]

5. K&R I think he's genuinely "had it" with them.

We'll see, but I think he's going to compel them, rather than ask them, this time. (Maybe it will be something like "an offer they can't refuse".)

I'm interested to see how this goes too.

[AllentownJake]

6. His best bet is populist rage

Ignore the GOP calling him a socialist, most people in the country hate the big banks.