President Barack Obama has some harsh wordswith Wall Street. In a recent “60 Minutes” interview, the president got tough with the executives of the country’s largest banks, calling them “fat cats” and pointing out that they were largely responsible for getting the country into the economic mess it is in now. The interview aired the night before a financial services roundtable during which the president had an hour-long meeting with the same banks chiefs he called “fat cats.” The president was able to get
commitments from some of the banks to open up their lending to small businesses. But was this step enough to start lending to business owners and get the American economy rolling?
Duration : 0:4:16
Comments
“we want our money …
“we want our money you stoled from us Obama.”.
The money you gave to GM. The $700+ billion you claimed to be used as stimulus. The billion you gave to Kenya.
That right you thief Obama, we want our money back. Our money you keep giving to those wipes at ACORN.
And all the money you have given to the Communist Party.
Get our money back and go f*&king back to Kenya.
Obama sold us all …
Obama sold us all out on health care.
all you people who …
all you people who keep talking meaningless words like socialism, communism, capitalism…. dont you realize, that all that is irrelevant?
those ideological theories a waste of your time.
Money is money here, China, Korea, Russia, Iran. There is always someone who makes money, someone who pays, someone who fails, someone who wins, someone who cheats,….
Money in general in the world does not revolve around ideological concepts.
It revolves around trading between peoples…..Trading
yes, you ARE …
yes, you ARE ignorant. nice of you to admit it. and you don’t know what communism is either. you americans are still under the influence of mccarthyism which is very very sad. btw, obama is a puppet anyway, if he’s pushing his ‘’socialist” agenda or not.
yeah but then you …
yeah but then you have a bunch of cash in ur house to be robbed or possibly destroyed if yor house burns down
We really dont need …
We really dont need bank accounts.
Lets use cash only. That will reduce banks deposits and put them out of business.
IF banks dont lend, than what are they there for?…..money laundering?
or Goldman Sacks wannabes.?
We need mega credit unions to compete with banks, and lend to worthy borrowers
……COMPETITION COMPETITION
The american way….
Notice this guy …
Notice this guy completely ignores the fact that the congress increaseed tax on the rich after a thorough investigation on the fact that 90% of small business owners will not be affected by the new higher tax bracket increase. I’m really scared about how NONE of the media actually check these facts before an interview.
Notice NONE of the …
Notice NONE of the media has actually interviewed one small business owners. I don’t trust this interviewer at all. This sticks corporate media propaganda.
No, this doesn’t …
No, this doesn’t sound like socialism or communism at all – I would agree with flyhead2 – it is more like fascicm.
The wankers, I mean …
The wankers, I mean bankers, are doing Gods work, you know. It was all for your own good. They know what is best. And Mom, I know better how to use $150 for my family than you do. Or Mom, are you too doing Gods work? “”We know you know, we know you know we know, you know we know, and were not gonna let you get away with it. Well we are. But we just want you to know that we know you know youre getting away with it, and we know you know we know youre getting away with it. Deek Jackson.
Obama doesn’t know …
Obama doesn’t know about economics and he is being advised by the same Criminals who designed this mess!!! Telling the banks to lend more of the money that the Fed PRINTED OUTA THIN AIR and receive in return interest in REAL DOLLARS back.. Basically FLEECING THE STUPID SHEEPLE!!! This will just debase the currency and rob the SHEEPLE!
Or big business …
Or big business leaning on (owning) the government, which is fascism.
When the banks lend …
When the banks lend interest rates will near or past the 20’s.
I have been, ever …
I have been, ever since he got in.
Exactly.
Every …
Exactly.
Every president starting with Johnson was one hundred percent puppet.
This is all an …
This is all an illusion, Obama has no power.
Boy, how you come …
Boy, how you come out swinging when your poll numbers are in the toilet. If this is how he felt, then why the bailouts? Oh, he didn’t feel this way THEN … just now; you know tough talk, because he’s mad — at himself but blames, um, not himself.
make more jobs
make more jobs
BFing joke. Obama …
BFing joke. Obama is as much a pampered fat cat as anyone. He’s never run a business in his life, Its his friends in congress that helped cause this crap by insisting on banks making bad loans, the banks bundled loans, they went bad, now taxpayers and the US dollar are all on the hook due to GSE’s and the FR buying the bad loans back. Nobody in Wash knows fuck-all about business or economies. I own a ’small business’ and I dont even want govt money with all the usuall string attatchments.
stretching this …
stretching this movie scenario till war prepared in january 2010
The biggest problem …
The biggest problem I had with the bail out was that we gave money to failed banks to turn around and loan money at high interest rates to the citizens to run business. TOO BIG TO FAIL, TOO BIG TO EXIST!
Obama is a stooge. …
Obama is a stooge. An absolute fool. Lets all pray for Pancreatic Cancer
lol… Obama will …
lol… Obama will get tough like he always does and say another repeat speech! Horrors!
Like the past 11 months, All speech, no action
Really? You’re …
Really? You’re right… I’m sorry, I’m so ignorant. You, in all your infinite wisdom have caught me. I’ve misinformed you.
It’s more like COMMUNISM!
So let me get this …
So let me get this straight:
Small buisnesses are having problems paying all these taxes they have to pay.
Obama wants the banks to loosen lending to small buisness to keep Main St. going.
Here’s my question: What will the banks change as far as criteria for lending to these small buisnesses, or will there be any?
Not accepting the concept of more new small buisness and smaller ones being allowed to grow bigger being our economy’s backbone strength, America now shows osteoperosis.