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Wall Street to Obama: Hands off!....spanone to wall street: fuck you [View All]

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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-22-10 04:09 PM
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Wall Street to Obama: Hands off!....spanone to wall street: fuck you
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Misguided. Unworkable. Hypocritical.

Wall Street was unimpressed by President Obama's argument for financial reform on Thursday. The reaction of nearly a dozen financial industry workers ranged from skepticism to animosity.

"It doesn't seem necessary for him to come down here," said Frank Clemente, a stock broker. "It's all political, not any real reform."

Clemente was particularly annoyed that Obama criticized the financial industry after having accepted political contributions from Goldman Sachs (GS, Fortune 500) employees during his presidential campaign.

"He took their money before, so it's kind of hypocritical to attack them now," he said.

Obama spoke at Cooper Union in lower Manhattan, a short distance from the New York Stock Exchange. In his midday speech, the president said the economic downturn that has cost the nation 8 million jobs is a clear sign for the

need to reform the finance industry.

http://money.cnn.com/2010/04/22/news/economy/obama_wall_street_reaction/index.htm?hpt=T1
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