AP Headline: World stocks tumble as Obama targets banks

[Cali_Democrat]

http://news.yahoo.com/s/ap/20100122/ap_on_bi_ge/world_markets

By CARLO PIOVANO, AP Business Writer Carlo Piovano, Ap Business Writer – Fri Jan 22, 9:54 am ET
LONDON – World markets fell Friday, led by bank stocks after President Barack Obama proposed a sweeping overhaul of Wall Street to avert future financial crises.

Obama said he would seek to limit the size and complexity of large financial institutions so that their collapse wouldn't imperil the broader financial system and world economy or cost taxpayer money in bailouts.

The announcement spooked investors, causing a sell-off in Europe after sharper falls in the U.S. and Asia.

Britain's FTSE 100 stock index was down 1.0 percent at 5,280.82 and Germany's DAX shed 1.0 percent to 5,691.31. France's CAC-40 lost 1.0 percent to 3,823.01.

Read more at link.

[DJ13]

1. Alternative headline

Greedy speculators get panties in a bunch when the President suggests they've become too greedy.

[CoffeeCat]

2. What a shock...the corporate media...

...is attempting to punish Obama for DARING to put reasonable regulations on this overbloated,
unregulated industry that ushered our economy into a tailspin.

They're trying to force Obama into leaving them alone. When that doesn't happen, I'm sure they have
triggers they pull (institutional investors pulling out of financial stocks, perhaps?), and suddenly,
the financial media and the haters in right-wing radio are blaming Obama for the marketing tanking.

What a bunch of babies. The banking, insurance and financial services industries were regulated for a long, long
time and they were profitable.

The problem is---these greedy bastards want billions and billions more and anyone who threatens their
bottomless greed--will be destroyed.

Sick!

[Mz Pip]

4. +100

Thing is, why everyday, ordinary American want to defend these guys is beyond me.

[enough already 2]

3. Fuck the banks and the corporations

Obama needs to shut down every last one of them.

[DURHAM D]

6. very funny

enjoy your stay

[golfguru]

5. IMHO this is the BEST initiative by the president in 1 year

His banking reform will be extremely effective in stopping the Banks
in playing roulette wheel with tax payer money.

Kudos to president Obama for this initiative!

[glitch]

7. I hope he stays tough on this, not let them intimidate him. nt

[RememberWellstone]

8. Good!

Time for big business to grow up and pay their fair share! I am so sick of everyone freaking out over the "market"..let them wallow in their swill for a while.

[ibegurpard]

9. tough shit

they'll get over their tantrum eventually

[Jennicut]

10. These investors manipulate the stock market constantly to make people afraid.

Enough is enough, time to crack down on them.