Obama And The Wall Street
I admire the way the new president Mr Obama talks about his values, but I still think that his eyes see a wrong America, not the one that gave him a tremendous political career. The recent comments of Mr. Obama about Wall Street make me to feel wonder whether the president of United States know what modern economy means.
Mr Obama called Wall Street bonuses at time of crisis shameful… I can only add that those investment banks and financial firm that did a good job by not worsen the financial crisis and made good decisions about how to invest… they deserve their managers and employees to receive bonuses. The former Illinois Senator claims to understand the “Main street” and this is a good thing to have. But as a president Mr. Obama must understand Wall Street, because it is one of the roots not just of the American economy, but of the world’s financial system.
It is a general stupidity to call Wall Street “Arrogant and Greed” and to say that “arrogance and greed” will not be tolerated. During the lat 8 years the liberal groups have complained that the Bush administration went to far in its conservative policies, but I can see how Mr Obama is turning America on totally different direction.
I admire the way the new president Mr Obama talks about his values, but I still think that his eyes see a wrong America, not the one that gave him a tremendous political career. The recent comments of Mr. Obama about Wall Street make me to feel wonder whether the president of United States know what modern economy means.
Mr Obama called Wall Street bonuses at time of crisis shameful… I can only add that those investment banks and financial firm that did a good job by not worsen the financial crisis and made good decisions about how to invest… they deserve their managers and employees to receive bonuses. The former Illinois Senator claims to understand the “Main street” and this is a good thing to have. But as a president Mr. Obama must understand Wall Street, because it is one of the roots not just of the American economy, but of the world’s financial system.
I find as very good the suggestion made by several healthy banks, declined money from the government’s bailout fund aimed at persuading them to loosen credit and foster lending to boost the economy.
Decisions made from people like the executive vice president of United Bankshares Inc. of Charleston, W.Va. Mr. Rick Adams to decline $197 million in government funds in order to keep the government out of the boardroom are something to admire.
