Godlike Productions - Conspiracy Forum
Users Online Now: 2,764 (Who's On?)Visitors Today: 1,318,470
Pageviews Today: 2,472,774Threads Today: 1,170Posts Today: 20,029
09:23 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Did Obama Just Deal Death Blow To Wall Street?

 
<<TIMEWATCHER>>

User ID: 25511458
United States
01/10/2013 07:22 PM

Report Abusive Post
Report Copyright Violation
Did Obama Just Deal Death Blow To Wall Street?
Reports surfaced that Tim Geithner would be nominated for Treasury Secretary back in November 2008, the Dow Jones industrial average surged 494 points. On Wednesday, Obama indicated that he would nominate Jack Lew to replace Geithner. The market shrugged, with most of its modest gains coming before word spread of the Lew nomination.

But at least stocks didn't tank. A number of Wall Streeters have been saying for awhile that Lew, who had been widely rumored to be Obama's top pick for the job, was a bad choice. Lew has very little experience on Wall Street, and none as a regulator. Some said appointing a person unknown to Wall Street would rattle markets.

That didn't happen, but that hasn't stopped the parade of misgivings of Wall Streeters about Lew.

"He's an empty suit," says market strategist James Bianco, who heads up his own Chicago-based research firm. "In Wall Street's mind, Lew is the fifth best choice."

Initially, it seemed that Obama would go out of his way to reconcile with Wall Street bankers, who overwhelmingly supported Mitt Romney, after the election. And Obama has held meetings with top executives and bank CEOs. Lew has even met with JPMorgan Chase (JPM) CEO Jamie Dimon.

But by picking Lew, Obama is signaling he won't be bending over backwards to win back Wall Street's support. And depending on where you sit, or more accurately work, you may not view that as a good thing. Wall Street veteran Wilbur Ross, who heads private equity firm WL Ross and was a vocal supporter of Mitt Romney during the election, was quick to note how Lew's lack of Wall Street chops when compared to Geithner.

LINK: [link to finance.fortune.cnn.com]
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."- Samuel Adams

"...It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds.."
--Samuel Adams

A man may die, nations may rise and fall, but an idea lives on.
--John F. Kennedy

The cost of freedom is always high, but Americans have always paid it. And one path we shall never choose, and that is the path of surrender, or submission.
--John F. Kennedy

Mankind must put an end to war before war puts an end to mankind.
--John F. Kennedy

Government of the people, by the people, for the people, shall not perish from the Earth.
--Abraham Lincoln

The very atmosphere of firearms anywhere and everywhere restrains evil interference - they deserve a place of honor with all that's good.
--George Washington

All religions, arts and sciences are branches of the same tree.
--Albert Einstein

When you reach the end of your rope, tie a knot in it and hang on.
--Thomas Jefferson

“Peace cannot be kept by force; it can only be achieved by understanding.”
- Albert Einstein

"The best minds are not in government. If they were, business would hire them away."
-Ronald Reagan

"You cannot give away kindness because people keep returning it"
-Indian Saying
Open Your Eyes
Alex Christopher Bickle

User ID: 19607339
United States
01/10/2013 07:24 PM

Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
"In Wall Street's mind, Lew is the fifth best choice."
 Quoting: <<TIMEWATCHER>>


List the first four
Anonymous Coward
User ID: 31718540
France
01/10/2013 07:30 PM
Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
Fuck wall street. We should pick the person they would approve of the least. They should frie in hell the next four years...
Open Your Eyes
Alex Christopher Bickle

User ID: 19607339
United States
01/10/2013 07:30 PM

Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
Fuck wall street. We should pick the person they would approve of the least.
 Quoting: Anonymous Coward 31718540


Fred from Shipping
Anonymous Coward
User ID: 961432
United States
01/10/2013 07:33 PM
Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
But by picking Lew, Obama is signaling he won't be bending over backwards
 Quoting: <<TIMEWATCHER>>


bsflag
Open Your Eyes
Alex Christopher Bickle

User ID: 19607339
United States
01/10/2013 07:34 PM

Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
Jack Lew Rothschild

rockon
Astral Goat
From the deep space petting zoo...

User ID: 22441207
United States
01/10/2013 07:34 PM

Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
Hey, he's just putting his buddies into power!

Wouldn't be surprised to see Bill Ayers as Secretary of Homeland Security soon!

Hey, Obama had no experience even running a hot dog stand he is president now!

Dreams can happen!

Last Edited by Astral Goat on 01/10/2013 07:34 PM
When I leave I don't know what I'm hoping to find, and when I leave I don't know what I'm leaving behind...

NEXTGEN FM - Radio from deep space

Put a quarter in the deep space jukebox, request lines open [link to nextgenfmradio.com]
Anonymous Coward
User ID: 21747413
United States
01/10/2013 07:35 PM
Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
hahaha, yeah right...Just swapping Goldman for Citi.

[link to www.salon.com]
Open Your Eyes
Alex Christopher Bickle

User ID: 19607339
United States
01/10/2013 07:35 PM

Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
Hey, he's just putting his buddies into power!

Wouldn't be surprised to see Bill Ayers as Secretary of Homeland Security soon!

Hey, Obama had no experience even running a hot dog stand he is president now!

Dreams can happen!
 Quoting: Astral Goat


As a leader you surround yourself with people you can trust
ANNONYMOUS
User ID: 8415236
United States
01/10/2013 07:35 PM
Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
"In Wall Street's mind, Lew is the fifth best choice."
 Quoting: <<TIMEWATCHER>>


List the first four
 Quoting: Open Your Eyes


5a
1. Goldman Sachs
2. Goldman Sachs
3. Goldman Sachs
4. GS
Open Your Eyes
Alex Christopher Bickle

User ID: 19607339
United States
01/10/2013 07:36 PM

Report Abusive Post
Report Copyright Violation
Re: Did Obama Just Deal Death Blow To Wall Street?
"In Wall Street's mind, Lew is the fifth best choice."
 Quoting: <<TIMEWATCHER>>


List the first four
 Quoting: Open Your Eyes


5a
1. Goldman Sachs
2. Goldman Sachs
3. Goldman Sachs
4. GS
 Quoting: ANNONYMOUS 8415236


Also known as The Revolving Door Pick

News