Wall Street Turns on Obama (user search)
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Author Topic: Wall Street Turns on Obama  (Read 2913 times)
anvi
anvikshiki
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« on: February 14, 2012, 12:31:51 AM »

Hardly surprising, in fact, totally predictable.  Obama's willingness to support the bailouts in '08, and not look completely ineffectual in the fall negotiations like McCain did, won them over then.  His support of Dodd-Frank put a quick end to their crush. 
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anvi
anvikshiki
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« Reply #1 on: February 14, 2012, 08:42:17 AM »

There are many issues with Wall Street but all you folks need to consider something- people have their financial futures in Wall Street. Retirement funds, college savings funds, you name it- Occupy folks hate Vanguard or Fidelity but if those two stop making money I stop making money from the mutual funds I have in each... if Raymond James went under my annuity is gone and guess what- I have to sell off either my valuables or some land that was bequethed me by a dear friend and I cant pass either off to my kids

I undertsand people want to regulate Wall Street but wanting Wall Street to do poorly is naive when millions of Americans are counting on Wall Street to do well so their investments cangive them a better life

I do agree, clarence.  Sensible and actually enforced regulation is what I would like to see.  It's not in anyone's interests for banks to fail and investment to dry up, as that does indeed ruin things for everyone.
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