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"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street"

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bigtree Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 10:45 AM
Original message
"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street"
Edited on Sat Dec-12-09 10:46 AM by bigtree

In an interview with 60 Minutes' Steve Kroft to air tomorrow night, President Obama says Wall Street doesn't get it' . . .


"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," the president said.

Mr. Obama suggested that several companies who repaid their TARP funds did so to avoid the compensation caps being imposed by Pay Czar Ken Feinberg.

"I think that in some cases, it was the motivation," the president said, "which I think tells me that the people on Wall Street still don't get itThey're still puzzled why it is that people are mad at the banks. Well, let's see. You guys are drawing down 10, 20 million dollar bonuses after America went through the worst economic yearin decades and you guys caused the problem."

"What's really frustrating me right now is that you've got these same banks who benefited from taxpayer assistance who are fighting tooth and nail with their lobbyists up on Capitol Hill, fighting against financial regulatory control," he said.


interview excerpts: http://www.cbsnews.com/stories/2009/12/09/60minutes/mai...



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mainer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 10:48 AM
Response to Original message
1. Shouldn't the US have demanded a better rate on those loans?
If the banks are making so much money that they can hand out 10 million dollar bonuses, the folks who invested in those banks (you and me, courtesy of the US government) should be getting some of that profit. We were, after all, part owners of those banks. Why couldn't the fed have insisted on getting a share of the profits?
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L0oniX Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 10:50 AM
Response to Reply #1
3. Let's do what they do ...send them a change in terms agreement notice and raise the interest rate...
Edited on Sat Dec-12-09 10:50 AM by L0oniX
to 29.9%.
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 01:41 AM
Response to Reply #1
34. i still say there should have been some strict conditions agreed to before giving out the cash
along with some proper re-regulation...
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Jim Sagle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 10:50 AM
Response to Original message
2. Psssstttt....he's lying.
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bigtree Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 10:53 AM
Response to Reply #2
6. maybe
. . . an epiphany?
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 10:56 AM
Response to Reply #6
7. You can dream...I call it PR. n/t
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Jim Sagle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:29 AM
Response to Reply #6
16. Yeah, they piph on us and tell us it's raining.
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bigtree Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:44 AM
Response to Reply #16
18. that's pretty phany
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:00 AM
Response to Reply #2
8. i'll take him at his word.
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abelenkpe Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 10:51 AM
Response to Original message
4. fat cat bankers
:)

I like that.

I hope congress gets it too.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 01:45 PM
Response to Reply #4
28. I hope so too.
I want to be proud of this country again.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 10:53 AM
Response to Original message
5. uh, then why do you spend most of your time doing just that?
:shrug:

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Kermitt Gribble Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:02 AM
Response to Reply #5
9. +1
Sounds like this interview is nothing more than deflecting blame and responsibility.

Sorry, not much credibility left, IMO.
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JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:03 AM
Response to Original message
10. Walk the talk, Mr. President.
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coyote Donating Member (900 posts) Send PM | Profile | Ignore Sat Dec-12-09 11:03 AM
Response to Original message
11. So why did make fat cat bankers part of his administration? n/t
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:07 AM
Response to Original message
12. People complain about me wanting a pony. What bout the faerie tales that are getting peddled by the
President? When will they call him on that?
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 01:45 PM
Response to Reply #12
27. One way or the other, you can't deny that this pony show has been fun to watch.
:popcorn:
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debbierlus Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:18 AM
Response to Original message
13. Whatever. He has shown his cards.
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:22 AM
Response to Original message
14. You got in bed with them, Mr. President.
So now you're complaining that they f'd you?
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QC Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:25 AM
Response to Original message
15. .
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Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 11:35 AM
Response to Original message
17. "I am not a crook". Richard M. Nixon.
Yeah, right.

:rofl: :popcorn: :rofl:
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JohnnyLib2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 12:06 PM
Response to Reply #17
19. Ouch. Dreadful memories.

Those of us who are old enough know full well that kind of massive disconnect and distrust CAN happen.

Are we that far alienated from this president? I don't want to think so at this point.


:scared:
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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 12:36 PM
Response to Original message
20. the hypocrisy is as bad as the overt collusion with the big banks; such an insult
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inna Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 12:51 PM
Response to Reply #20
24. Yeah, the brazen hypocrisy is just stunning.

After giving away literally TRILLIONS of public money to the banksters.

:grr:

Disgusting, absolutely disgusting.
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chimpymustgo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 12:41 PM
Response to Original message
21. Uh...yeah ya did.
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inna Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 12:47 PM
Response to Reply #21
22. yep.

that much is clear at this point.
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Vidar Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 12:50 PM
Response to Original message
23. That's as big a lie as his Nobel accptance speech.
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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 12:57 PM
Response to Original message
25. In truth- "I just hire them to do the dirty work while I look Presidential"
Given his track record, only the party loyalists are gonna swallow his statement.
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mitchum Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 12:59 PM
Response to Original message
26. "...but then I changed ny mind after the election"
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 01:47 PM
Response to Original message
29. why was that the first thing he did, then? actions, not words.
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 01:47 PM
Response to Original message
30. And yet, that's who he has helped while the rest of us twist in the wind. n/t
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varelse Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 01:47 PM
Response to Original message
31. It is good to see those words
and I think the fact that they were aired on a popular, prime time MSM show is more significant than some of the respondents to this thread realize.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 02:00 PM
Response to Reply #31
33. I hope so.
The President really needs to hit the message home, regarding them.


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shadowknows69 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-12-09 01:48 PM
Response to Original message
32. So stop frakkin helping them!
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Raine Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 02:04 AM
Response to Original message
35. What you say and what you have done are not the same!
Show you meant what you said, be on the side of the people not the fat cats!!!!! :mad:
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GeorgeGist Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 07:33 AM
Response to Original message
36. How phony can he get ?
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Le Taz Hot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 07:36 AM
Response to Original message
37. Which is why he appointed
Geintner & Sumners in the top financial positions. Please, tell me another one.
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LBJDemocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-13-09 04:00 PM
Response to Original message
38. Geithner? Rubin? Summers?
Edited on Sun Dec-13-09 04:00 PM by LBJDemocrat
To his credit, he seems somewhat embarrassed by what he's doing.
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inna Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-14-09 10:03 PM
Response to Reply #38
39. embarrassed how? what are the indications? just curious.

:shrug:
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