Steve Rattner: Here Is Why My Wall Street Friends Don't Like Obama en-us Wed, 31 Dec 1969 19:00:00 -0500 Sun, 13 Jul 2014 22:22:05 -0400 Will Wei Gary Anderson Wed, 17 Nov 2010 17:53:14 -0500 Wall Street did not just give people a chance to bet on their homes. Wall Street created a massive scam. Go to my profile and read my articles here. This scam was brazen, and people got hurt, lots of them. Santelli calls them losers. I would say most weren't betting. How about full disclosure next time that you are buying houses in a bubble market, which most homebuyers had no clue they were doing? How about a notice that this is ponzi, no money down money which is driving the bubble market that has to crash, instead of telling people that if they don't get in they will be locked out of real estate forever because it never goes down. And yet, Wall Street has no clue they are at fault? There is a judgement day and there is no room for seared consciences at the table that counts. Jay in Buffalo Mon, 25 Oct 2010 19:46:03 -0400 Only !% were liable for the excessive problems on Wall Street. You know Steve the insider is right but the 1% were very important since they were the CEO"s who ran the companies. Nice spin on a bunch of self-centered corrupt CEO's. Zap Wed, 20 Oct 2010 23:28:37 -0400 "My problem with Wall Street is that they don't get the fact that they were part of the problem, not all of them but some 1% who went too far, and there were too much excesses." Ahhhh the 1 per cent.....................yea sure pinkobane Wed, 20 Oct 2010 16:11:32 -0400 People may not like Obama, but The Rat has proven that he's the one that loves the connected-ness of government and business. When you grease the palms of a pension fund director to get him to go all in with the funds he was entrusted to manage, and he does it because he's been given $1M, then you have no room to talk about why people may not like a politician. Asshole. People generally do not like politician because they can be corrupt and unprincipled. People don't like investment bank sleeze that buy people off. Go to some South American shithole where your antics would be better appriciated. pauldeba Wed, 20 Oct 2010 14:10:25 -0400 "You can't tell me this wasn't discusses and agreed upon in the high powerful circles in Washington leading up to the financial meltdown. " If you are referring to more than the few weeks or months leading up to the metldown or general discussions about potential plans for a general catastrophic event which should always happen routinely, I don't believe it. BUT, if you are correct, it is corruption and that implies that Wall Street and Washington are both part of the porblem. Sam Shicks Wed, 20 Oct 2010 12:29:14 -0400 Walstreet was not part of the problem. Walstreet just reacts in their best interest and priced in the fact that it was well understood that the government would bail out the financial institutions. You can't tell me this wasn't discusses and agreed upon in the high powerful circles in Washington leading up to the financial meltdown. Blaming walstreet is just finger pointing the blame for political reasons. The people at the top knew this was happening and they all thought it would go on forever. Alas, they finnaly found their free lunch which would prop up housing and GDP spending. Why would anyone want to ruin the party. The government let this go on and in doing so, they allowed the rules to be bent. In fact they encouraged it. How could this be market failure considering the bailout was a forgone conclusion and therefore priced in? I think this should be investigated. Who knew what before the meltdown? What good is a rule or regulation if you know that it doesn't apply to you? The rule that should have been sufficient is the rule that didn't exist which was, if you lost the value in your loans, then you lost your investment. American Oligarch Wed, 20 Oct 2010 12:29:08 -0400 He's too tough on business. go interview this judge Wed, 20 Oct 2010 12:15:27 -0400 ...and phil gramm Dominant Social Theme: Please don't look at the man behind the curtain. Free-Market Analysis: We are well aware of the corruption that inevitably arises when regulatory democracies persist and like tumors begin to swell. The United States is perhaps the world's most powerful regulatory democracy, and likely its most icily corrupt. Nevertheless, it is absolutely startling to find a senior judge (see article excerpt above) at one of America's most important financial regulatory agencies – the Commodities Futures Trading Commission – bluntly accusing a former CFTC Chairwoman (Wendy Gramm, wife of former Senator Phil Gramm) and a fellow judge of deliberate malfeasance, apparently over decades. Sub dominant social theme: "This kind of thing doesn't happen in the US!" Glasshammer Wed, 20 Oct 2010 12:14:57 -0400 You know how I know Steve Rattner has no idea what he is talking about? I know he has no idea what he is talking about because he thinks its just "1% who went too far". Tons of people were involved in the buying and selling of BS financial products. You needed an army of paper pushers to pull off systemic fraud. Ford Prefect Wed, 20 Oct 2010 11:58:30 -0400 They want love as well as cash? I thought the only measure of their true worth was cold, hard cash (of course, it will be leveraged 50:1 in risky assets backstopped by Uncle Sam). Beavis Wed, 20 Oct 2010 11:46:20 -0400 Sounds like RAT-tner's new role is to go collect from the Wall St boys akin to Chicago mobsters sending out lower level street thugs to collect from the merchants. ObaMao Wed, 20 Oct 2010 11:43:59 -0400 Why does BI give so much airtime to RATtner the CROOK? yep Wed, 20 Oct 2010 11:43:36 -0400 Okay. Then Obama should start kissing their ass in speeches while pulling out all the bailouts. Would that be better you spoiled entitled shitbags? Tom Wed, 20 Oct 2010 11:40:47 -0400 The Rat has no friends on Wall Street. Donkey Kong Wed, 20 Oct 2010 11:40:31 -0400 Tough Love!?!?!? If billions and billions and billions is bailouts is "tough" love, what does he describe as "sweet" love?