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Hardball: Perlstein from the Washington Post "It's not our job to make Wall Street guys happy."

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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 05:51 PM
Original message
Hardball: Perlstein from the Washington Post "It's not our job to make Wall Street guys happy."
Edited on Tue Feb-10-09 05:55 PM by Skidmore
Said the big money guys were waiting for truckloads of money back up on WS and unload. Said they've shown no remorse, gratitude, or offered any plan of their own as to how to help turn this shipwreck around. All Tweety could respond with was that because he owns stock he's worried about things spiralling ever downward if the market goes below 8000. So that explains why Tweety sat there and kept nervously arguing that WS hadn't heard something important from the President and Geithner yet. Ha! But he sure heard a whole lot of truth from this Mr. Perlstein, a truth that should be broadcast by us all.
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 05:52 PM
Response to Original message
1. I said that earlier during Geitners speech. They were pissed he didn't say
something that completely catered to them. He seems concerned with being reckless with the money. Unlike Paulson
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renate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 06:01 PM
Response to Reply #1
3. I sure hope the White House gets this take on it out to the masses
Because on the face of it, of course, Wall Street's response (in the easily understandable form of the Dow Jones, anyway) was pretty negative.

I think taxpayers would actually be pretty happy to hear that Wall Street is pouting because they didn't get everything they wanted. So I really hope that particular bit of propaganda can be catapulted effectively.

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lxlxlxl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 05:58 PM
Response to Original message
2. The Dow is used as a political indicator...that's just a reality...
He was really on point putting the responsibility on the markets...I wish he would have added that the way journalists rely on the closing Dow numbers as some sort of judge about what happened is pretty reckless and not reliable. I don't really fault Matthews for asking the question, people need to answer it, and I dont think it needs a blatant setup.
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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 06:04 PM
Response to Reply #2
4. I'd like Wall Street folks to address the points that Perlstein made.
I'm getting pretty sick of this faceless city street that holds the power of life and death for so many. A bunch of cowards in expensive suits hiding in conference rooms.
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lxlxlxl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 08:53 PM
Response to Reply #4
10. agreed...I think the country accepts financial greed and superiority a little too readily
mind you, 'Wall St.' is just a blanket term for international finance, greenwich connecticut, los angeles, houston, london, etc...etc... is just as complicit.

there are good people that work in finance, especially in journalism, but they are overwhelmingly crowded out by the general attitude of the country and the silence of CEOs

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uponit7771 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 07:52 PM
Response to Original message
5. The market IS below 8000!! The DOW closed at 7889 today and Perlstein is right those bastards at
...the banks are askin us for cash and telling us to fuck off.

Fuck them, nationalize their ass's and then tank their rates to get housing going and raise the rates after momentum
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 07:58 PM
Response to Original message
6. Best guest of the evening for Tweety
I liked how Pearlstein whittled the Wall St CEOs down to crybaby size.

He said that Wall St is hunkered down. Well, they better call out for thermoses, sandwiches and sleeping bags. Or maybe they should just curl up in their thousand dollar trash baskets and suck thumb.
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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 08:00 PM
Response to Reply #6
7. It's time for the people to kick tush, I think.
They need to share in the pain they've inflicted on millions. The last thing we should be worried about is that their lifestyles have been compromised or that they are learning to live with less.
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 08:16 PM
Response to Reply #7
8. There appears to be a "Sociopath Class"
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renate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 09:57 PM
Response to Reply #6
11. since I originally left my post about the quote, I had a chance to actually see him
He was awesome! He really got the shiv in there but with a smile on his face--he really explained very clearly why Wall Street is still crying and how we shouldn't care.
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Tatiana Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 08:45 PM
Response to Original message
9. It was a fantastic interview in which Tweety actually let his guest explain his POV.
When Tweety is "on," he does host one fantastic and informative political program.
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asphalt.jungle Donating Member (792 posts) Send PM | Profile | Ignore Tue Feb-10-09 10:37 PM
Response to Original message
12. video link
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BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Feb-10-09 11:01 PM
Response to Reply #12
13. That was refreshing
Thanks for posting.
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