Harry Boy

President Messiah Jug Ears should tell this to his pal Oprah

RealClearPolitics - Video - Obama To Wall Street: "I Do Think At A Certain Point You've Made Enough Money"

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Harry Boy (Genius)

In The Absence Of Law And Order Society Will Surely Destroy Itself

Holy Diver

Merge...

1440 Wall Street

Oprah works on Wall Street? Oprah hedges her bets against s#!tty investments that she sells to her customers? Oprah was bailed out by the tax payers?

Mrs.PatsFanInVa

No - but she's rich, black, female and she supported Obama. That last one alone is enough for Harry to want to see her hang - never mind she never stole a thing from the American people, hedged a bet with other people's money, was never bailed out by tax dollars or that she donates a *****olad of her money to charities each year - that's not important.

Apples are oranges in Harry's world.

Wolfpack

Exactly. And that's why when Obama says "at some point, you've made enough money" he isn't talking about Oprah. He just means all those eeeeeeeeeeeeeeeeeeeeeeeeeevil Wall Street people.

chicowalker

I haven't watched the video, but if that's really what he said, and there's no mitigating context, it's a bs sentiment, that far too many people in the country seem to have, imo

As for Goldman, the bailout, hedging and selling ****ty investments... first, Goldman didn't need to be bailed out, as far as I'm aware. They were persuaded to take the bailout money to help give it credibility. They also paid back all the money quite quickly, I believe.

Hedging -- a firm like Goldman always is going to have various positions, both long and short, in different areas -- whether as a hedge or because different departments or traders have different views.

Selling ****ty investments -- they may have been ****ty investments, but were the clients lied to? That's the evidence I'm waiting to see. It's easy to say something was a ****ty investment with hindsight, after that market finally tanks. But the people buying these were pretty sophisticated -- Goldman was sitting down with my mom and duping her. So something turning out to be a bad investment is in no way damning. If it turns out they were lied to, however, that's an entirely different story.

Mrs.PatsFanInVa

I see. Do you support those people on Wall Street?

Holy Diver

yes, the clients were lied to. When Goldman knew the investment was ****ty, and advised its clients to inves, while shorting it, this thing became a scam, and the saddest thing is that its not illegal, and these guys cant seem to fathom why this is wrong.

chicowalker

any evidence?

khayos

You mean the people that create jobs?

chicowalker

Having worked in capacities on or related to "Wall Street" most of my career, I wouldn't say that most of Wall St creates jobs -- they do, however, help others to do so, along with playing a vital role in multiple markets around the world.

[edit: don't get me wrong -- Wall Street employs a lot of people (how many depends on how you want to define it -- but I think of operating businesses, particularly mid-sized companies, as the drivers of job creation -- and Wall st and other financial institutions do help with that]