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1) Liberals blame Wall Street and the banks for much of the recession and economic downturn. In their eyes, greed and corruption were the root of the morass.
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Occupy Wall Street is a people-powered movement that began on September 17, 2011 in Liberty Square in Manhattan’s Financial District, and has spread to over 100 cities in the United States and actions in over 1,500 cities globally. #ows is fighting back against the corrosive power of major banks and multinational corporations over the democratic process, and the role of Wall Street in creating an economic collapse that has caused the greatest recession in generations.
2) Wall Street is regulated by the Federal Reserve of New York.
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The Financial Institution Supervision Group supervises and regulates financial institutions in the Second District. Its primary objective is to maintain safe and competitive U.S. and global banking systems. Staff in the Group assess the safety and soundness of domestic banking institutions and operations of foreign banking organizations in the District through periodic onsite evaluations and offsite financial analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.
3) The Federal Reserve of New York was led by none other than Timothy Geitner during the years leading up to the Great Recession.
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He assumed his position as the ninth president and chief executive officer of the New York Federal Reserve Bank on November 17th, 2003. He served as the vice chairman and permanent member of the Federal Open Market Committee, the group responsible for formulating the nation's monetary policy and determining the national interest rate.
4) Barack Obama appointed Timothy Geitner as his Secretary of the Treasury
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Obama has chosen New York Federal Reserve Bank President Timothy Geithner -- who rose to prominence earlier this year as a key official in the government's financial rescue measures -- to be secretary of the Treasury, designated White House senior advisor David Axelrod said on Fox News Sunday.
1) Wall Street gets greedy and causes the United States to fall into the Great Recession;
2) The Federal Reserve of New York, who is in charge of oversight of Wall Street, completely abdicates its duty to effectively regulate Wall Street;
3) Timothy Geithner is the CEO of the New York Fed, which abdicated it's responsibility in the years leading up to the Great Recession.
......and Obama taps him as the Secretary of Treasury???!!!
Shouldn't Geithner's presence in the President's cabinet cause consternation among liberals? How do you square your hatred for Wall Street, and your slobbering love affair for Barack Obama, when in fact he slapped you in the face with the Geithner nomination??
Where was and where IS the liberal outrage? Is this another case of Barack Obama Can Do No Wrong?â„¢
Does anyone else see the hypocrisy of liberal outrage, or lack thereof?
Really? Without the Federal Reserve System, millions of Americans would have lost all their money just because they put it in a bank. It was Congress that let banks speculate (gamble) with depositor accounts. I wouldn't be so quick to throw out insured accounts unless you want to keep your money in your mattress.
1) Liberals blame Wall Street and the banks for much of the recession and economic downturn. In their eyes, greed and corruption were the root of the morass.
1) Wall Street gets greedy and causes the United States to fall into the Great Recession;
2) The Federal Reserve of New York, who is in charge of oversight of Wall Street, completely abdicates its duty to effectively regulate Wall Street;
3) Timothy Geithner is the CEO of the New York Fed, which abdicated it's responsibility in the years leading up to the Great Recession.
......and Obama taps him as the Secretary of Treasury???!!!
Shouldn't Geithner's presence in the President's cabinet cause consternation among liberals? How do you square your hatred for Wall Street, and your slobbering love affair for Barack Obama, when in fact he slapped you in the face with the Geithner nomination??
Good thread
Quote:
Where was and where IS the liberal outrage? Is this another case of Barack Obama Can Do No Wrong?â„¢
Does anyone else see the hypocrisy of liberal outrage, or lack thereof?
1) Liberals blame Wall Street and the banks for much of the recession and economic downturn. In their eyes, greed and corruption were the root of the morass.
Yup. And so does the Tea Party, Libertarians, and many young Conservatives. The only people who do not see a problem with Wall Street are those of an older generation.
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Originally Posted by AeroGuyDC
So let me make sure I get this straight:
1) Wall Street gets greedy and causes the United States to fall into the Great Recession;
2) The Federal Reserve of New York, who is in charge of oversight of Wall Street, completely abdicates its duty to effectively regulate Wall Street;
3) Timothy Geithner is the CEO of the New York Fed, which abdicated it's responsibility in the years leading up to the Great Recession.
......and Obama taps him as the Secretary of Treasury???!!!
Shouldn't Geithner's presence in the President's cabinet cause consternation among liberals? How do you square your hatred for Wall Street, and your slobbering love affair for Barack Obama, when in fact he slapped you in the face with the Geithner nomination??
Where was and where IS the liberal outrage? Is this another case of Barack Obama Can Do No Wrong?™
Does anyone else see the hypocrisy of liberal outrage, or lack thereof?
Yeah, you got it right.
But here is something else for you to get right, too: many, many, many Liberals who voted for Obama are disappointed in his Presidency. Many people on the Left see through his lies, too. I guaranty you that at least half of the people involved with Occupy are not fans of Obama. Or at least anymore. Seriously dude, the only ones with the "slobbering love affair" for Obama are people who insists on making this connection.
...did you forget that Occupy focused their anger at Obama as well? Did you also forget that Obama said that Occupy was the same as the Tea Party? Or do they not report this stuff on Fox News?
1) Liberals blame Wall Street and the banks for much of the recession and economic downturn. In their eyes, greed and corruption were the root of the morass.
1) Wall Street gets greedy and causes the United States to fall into the Great Recession;
2) The Federal Reserve of New York, who is in charge of oversight of Wall Street, completely abdicates its duty to effectively regulate Wall Street;
3) Timothy Geithner is the CEO of the New York Fed, which abdicated it's responsibility in the years leading up to the Great Recession.
......and Obama taps him as the Secretary of Treasury???!!!
Shouldn't Geithner's presence in the President's cabinet cause consternation among liberals? How do you square your hatred for Wall Street, and your slobbering love affair for Barack Obama, when in fact he slapped you in the face with the Geithner nomination??
Where was and where IS the liberal outrage? Is this another case of Barack Obama Can Do No Wrong?â„¢
Does anyone else see the hypocrisy of liberal outrage, or lack thereof?
Really? Without the Federal Reserve System, millions of Americans would have lost all their money just because they put it in a bank. It was Congress that let banks speculate (gamble) with depositor accounts. I wouldn't be so quick to throw out insured accounts unless you want to keep your money in your mattress.
FDIC is an independent agency. What association do they have with the Federal Reserve?
Yup. And so does the Tea Party, Libertarians, and many young Conservatives. The only people who do not see a problem with Wall Street are those of an older generation.
Yeah, you got it right.
But here is something else for you to get right, too: many, many, many Liberals who voted for Obama are disappointed in his Presidency. Many people on the Left see through his lies, too. I guaranty you that at least half of the people involved with Occupy are not fans of Obama. Or at least anymore. Seriously dude, the only ones with the "slobbering love affair" for Obama are people who insists on making this connection.
Ok, so some liberals are "disappointed" and many on the left "see through his lies, too." What reason do I have to believe that these liberals are not going to vote for Barack Obama in 2012? Are they that disappointed with his incompetency and lies? You folks didn't raise an eyebrow when Geithner was nominated, when it was clearly evident that Obama used your vote as a pawn to install Wall Street Flunkies in his Cabinet, so what makes anyone believe that you'll withold your vote in protest?
...did you forget that Occupy focused their anger at Obama as well? Did you also forget that Obama said that Occupy was the same as the Tea Party? Or do they not report this stuff on Fox News?
Riiiggghttt.....so much anger towards Obama that they did what exactly? I walked past the OWS camp here in DC on a regular basis and NEVER heard anything or read anything that even remotely tarnished Barack Obama. Not a word. Not a sign. Not anything.
Perhaps you can remind me.
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