Barack Obama gave a STERN SPEECH today to those evil Wall Street executives, who were barely able to suppress their giggles, but likely shat their pants instead, during bits like this: “I want everybody here to hear my words. We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses. Those on Wall Street cannot resume taking risks without regard for consequences, and expect that next time, American taxpayers will be there to break their fall.” The consensus reaction seemed to be along the lines of, Meh, we’re going to continue expecting that next time, American taxpayers will be there to break our fall. [NYT]
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Bankers: haha STFU
Taxpayers: C’mon.. please don’t rail us in the ass?
Bankers: Cradle my balls and shutup
Wall Streeter: Consquences? We don’t care ’bout no stinkin consequences!!
Following the speech the CEOs of all the major banks committed ritual suicide. Oh wait, no they didn’t. They all gave themselves $50 million bonuses.
He had them all in one room and he didn’t machine-gun them all to hell? Chicago politics FAIL.
It’s pretty easy to say we won’t bail you out. The administrations actions are inconsistent with these words. Especially Geithner’s.
“motivated only by the appetite for quick kills and bloated bonuses”
Why does Barack hate MMORPGs?
Fuck it, I am just gonna stock up on hobo beans for the next crash.
We will not go back to the days of reckless behavior and unchecked excess — Unless he takes Maria Bartiromo away from them, those guys are never going to stop fucking around.
we will not go back to the days of reckless behavior and unchecked excess. we will go forward to them. and the next time, the american taxpayers will not be there to break capitalism’s fall, because peeps, we’re broke. broke broke broke. flat busted, hoover flags at half-mast. next time, it will be the chinese taxpayers who break capitalism’s fall.
Maybe instead of that Bull statue on Wall Street, they should have the “Broker Led Away in Handcuffs” statue, the “Corporate Exec Hung by Outraged Stock Holders” statue, or the “Wall Streeter in the Stocks Being Hit with Tomatoes” diaorama.
Bankers Response:
Nobody likes a noisy whore. We own you and we’re going to sell your parts to the Chinese for some sweet rimimbi, just pray we wait for you to die before we do it. Now grab your cheeks and remind us “who’s your daddy, biatch?”
And the follow-up from the Party of No (from HuffPost):
Sen. Judd Gregg, (R-Amnesia), said the admistration deserves “considerable credit” for acting to stabilize the financial system, but he warned that Congress should not overreact in approving new regulations.
“We must be wary of the reality that, in an attempt to address yesterday’s failures, Congress will put in place regulatory schemes which will fundamentally undermine risk taking, capital formation and entrepreneurship.”
http://www.huffingtonpost.com/2009/09/14/obama-wall-st-speech-tout_n_285415.html
We’ll know that they believe him if we see the price of property in the Hamptons fall from eight-figures to seven.
[re=410593]slappypaddy[/re]:
Nope. Next fizkhall death bomb is looking to be Commercial Real Estate and the Chinese are up to their eyeballs in bad commercial real estate loans to the tune of 3-4 TRILLION US Americun greenies worth.
[re=410606]ManchuCandidate[/re]:
someone left the cake out in the rain
all the sweet green icing flowing down
“We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis,”
Except, they already have.
Has Admiral Barackbar checked under that tarp for missing girls yet?
I hear that’s where Wall Street-types like to hide them until they’re able to move them off-shore.
Hey! I have an appetite for quick kills, and I don’t think there’s anything wrong with that. Slow kills would be OK too.
Wait, he’s not talking about Wall Streeters being killed? Oh. Nevermind.
Consequences, shmonsequences, as long as I’m rich!
[re=410582]GreatOldOnesParty[/re]: Obama’s going to bail out the bankers by buying currency from China?
Well, fuck the fucking fuckers.
[re=410601]SayItWithWookies[/re]: They’ll fundamentally undermine risk-taking by requiring them to risk their own money for a change?
[re=410592]shadowMark[/re]: [re=410629]Extemporanus[/re]: [re=410592]shadowMark[/re]: Speaking of which:
“CNBC’s Maria Bartiromo needs to stick to doing what she does best: standing around on the floor of the Stock Exchange looking like a cross between Sophia Loren and that thing that co-piloted the Millennium Falcon with Lando Calrissian in Return of the Jedi.“
[re=410640]Guppy06[/re]: Exactly — what’s the point of risking something if you stand to lose because of it? Especially when you can sell some naive bumpkins on the certainty of their investment and risk all that instead.
Look, if the U.S. America can forget about that guy who flew some airplanes into some buildings, or something I forget what exactly, then we sure as hell can forget how scary it was when something happened, was it last year? I forget. Anyway, my point is, I’ve forgotten what my point is. But oh, that Kanye!
With something like 93 banks (as of yesterday) having gone totally into the shitter since January, you’d think these frauds would be crawling through a mile of broken glass and fecal matter to grovel in Barry’s shadow.
[re=410665]bitchincamaro[/re]: …a mile of broken glass and fecal matter…
That’s the most trenchant description of the 9/12 Teabagger March that I’ve heard yet.
[re=410665]bitchincamaro[/re]: Forcing them to crawl through glass and shit was the original plan, but instead Obama was able to broker a postpartisan deal to hand over several trillion dollars to the bankers. Win-win!
You know what would have been a nice touch? If Barry had handed out fully articulated ken doll likenesses of each of them, dressed in orange jumpsuits. Just something to take home to remember him by.
Christ, where’s Addison Graves “Joe” Wilson when you need him?
Well, we’re squished kinda flat already, so it’s gonna hurt a lot more, at any rate.
[re=410665]bitchincamaro[/re]: The banks have failed. Bankers, not so much.
They figure the teabaggers are so in love with capitalism that they will take their taxes up the arse if they have to, to keep Wall Street alive and kicking…us in the arse.
At least they had the decency not to laugh him out of the room.
I mean, say what you want about the pointlessness of threatening the class that actually owns almost all the money that isn’t owed to foreign governments — at least Obama’s Secretary of Health and Human Services isn’t an Old Boy health-insurance executive with human blood dripping from his fangs, which gives The Chief a certain moral authority on the subject of poor people dying for lack of medical care.
This is not an election year. The president is not giving a campaign speech. Why the fuck is the goddammed NYT immediately and automatically giving Michael Fucking Steele a platform to take a shot at him?
If Obama mentioned that he has two daughters, would the NYT allow Steele to counter?
That is all.
This is an episode that aired today on the Brian Lehrer Show
http://www.wnyc.org/shows/bl/episodes/2009/09/14
with a clip of Bernie Madow describing how he and staff would laugh at SEC inspectors ha ha ha, because all the SEC inspectors are young, underpaid, and hoping to leave SEC inspecting for jobs with the same hedge funds and banks they are currently “inspecting”. So how likely is it any one of them is going to blow a whistle?
This is analogous to inspectors and bureaucrats at the federal EPA, an agency that has earned the fond nickname, “the Environmental Prostitution Agency” – which most average Americans assume it exists, and they pay for with their taxes, like the FDA – to safeguard their water, air and food but actually, is in the business of sucking up to those industries they are meant to monitor and hold accountable – big pharma, agribusiness, oil, etc.
Any other interpretation is pure a dangerous fantasy.
[re=410991]Witsendnj[/re]: Yeah, it’s not much of a secret. Kids come out of school fully intending to lobby for foreign countries or assist them in shaving past trade restrictions — where else to go but Commerce? What’s the point of doing a few years’ scut work in Revenue, soaking up regulations and learning to spot warning signs, unless you’re working on your post-grad thesis on How to Screw the IRS in Relative Safety?
These l33t skillz are not only well rewarded, they’re unashamedly sought by people looking to screw the government in an orderly and systematic fashion. That’s the way to build a resume. Who gives a toss about military service or the Peace Corps?
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