Safe Mode: On
Obama: Banks Are In To Make Money And That's Why We Need To Regulate Them

Obama: Banks Are In To Make Money And That's Why We Need To Regulate Them

http://www.realclearpolitics.com/video/2012/10/25/obama_banks_are_in_to_make_money_and_thats_why_we_need_to_regulate_them.html

"We passed Wall Street reform, which they fought tooth and nail. But what it did was is it made sure that they can't make some of these same reckless bets, they've got to keep more capital so that if they make a bad bet, taxpayers don't pick up the tab. We put in place this consumer advocate that will work with families all across the country on things like mortgages, credit cards, payday loan operations, so that people have more information and they don't get tricked into bad financial deals," President Obama said on the Wednesday broadcast of NBC's "The Tonight Show" with Jay Leno.

"Look, these financial institutions are in to make money and that's why we need some smart regulations and this is an example of the difference in this campaign because my opponent says he wants to roll back all those regulations. These folks are not going to do it just out of a sense of guilt of what happened previously or because suddenly they feel charitable," Obama told Leno.

http://www.realclearpolitics.com/video/2012/10/25/obama_banks_are_in_to_make_money_and_thats_why_we_need_to_regulate_them.html

Loading the player ...
Embed Code
Plays: 0 (Embed: 0)

Added: Oct-28-2012 Occurred On: Oct-28-2012
By: XyBerFuNK
In: Politics
Tags: Benghazi, Libya, Murder, Terror Attack, Hussein Obama, Barry Soetoro, Failed President, Obama Lied, People Died, Treason, Lies, Socialism, Communism, Maoism, Bill Ayers, Saul Alinsky, Traitor, American Revolution, Failed Presidency, Failed Administration,
Location: Washington, District of Columbia, United States (load item map)
Marked as: approved
Views: 450 | Comments: 11 | Votes: 1 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
You need to be registered in order to add comments! Register HERE
Sort by: Newest first | Oldest first | Highest score first
Liveleak opposes racial slurs - if you do spot comments that fall into this category, please report them for us to review.

  • Get Obama's Muslim religion out of our economic politics!

    http://en.wikipedia.org/wiki/Islamic_banking

    Posted Oct-28-2012 By 
    sprodge (1337.06)  

    (2)

  • Obama sucks monkey balls.

    Posted Oct-28-2012 By 
    Mondhaut Reeks (342.80)  

    (1)

  • the only reason i have a bank account is to collect my direct deposit paycheck, you make 1 cent a month in interest, and yet charge you fees for everything. no reason to let someone else keep your money unless of course your super rich and need to store it, but for most of us no point to it/

    Posted Oct-28-2012 By 
    nowhereman1 (461.12)  

    (0)

  • The man and all like him should tell the truth;
    If your trying to better yourself we will stand in your way or remove all chances.

    However his words are just that, words.
    Lets see what the man does.

    I recall an end to Medical Cannabis War
    theLAB

    Posted Oct-28-2012 By 
    theLAB (322.50)  

    (0)

  • Yeah, they are in it to make money. And toxic mortgages don't make money, do they? No, they don't. Nor do empty houses sitting there rotting to the point that the city has to come in, take them over, and bulldoze them. One reason the Fed is buying up those toxic loans at the rate of $40 billion a month. Yes, much better that we own all that worthless debt that will never be repayed.

    Fucking idiot.

    Posted Oct-28-2012 By 
    kajidono (686.16)  

    (0)