Comments on: Did Brown’s win spark Obama’s war on Wall Street?

By: Dave

Dave — Sat, 23 Jan 2010 03:33:00 +0000

Abe…I hope you are right but….even with this sudden change in direction I’m uncertain just how much long lasting clout Volcker really has. But there is little doubt that Obama has been slow to dispose of the trash leftover from the Bush Administration, whether it’s the Federal Reserve, Dept. of Justice, Sept of Interior etc.

By: John

John — Sat, 23 Jan 2010 00:07:00 +0000

I don’t think Browns victory was really because of his ideas and policies. I believe he won because we felt like he was more of a regular person than Coakley. Coakley was a politician and Brown was a regular truck driving guy. We could connect with him and that is why we voted for him. I also don’t think his victory is that big of a deal or that big of a blow to the democrats/Obama. During Clinton’s presidency Republicans took control of Congress as well. Yet Clinton was still widely popular and his policies were well established. I do think it is about time Obama starts listening to Volcker and hopefully he keeps it up. This is certainly not a political move on Obama’s part although it certainly provides political bonus points.

By: Dave

Dave — Fri, 22 Jan 2010 14:28:00 +0000

Ed…if you don’t mind me going off topic. This is a critical moment in time for those of us who have suffered at the hands of Ben Bernanke. I think you should encourage all of your readers to contact their Senators and express their opinion about this man’s performance or lack thereof and thwart his chances of further eroding the earning ability of everyday savers, investors and retirees. Confirmation hearings are Jan 31 I believe.

By: Abe, NYC

Abe, NYC — Fri, 22 Jan 2010 03:17:00 +0000

I think it’s “only a start”, but only because Obama has seen that the Geithner/Summers strategy is failing him. Wherever his heart or mind is, his baddest need is to win elections, with a disaster looming for November.

I don’t believe that the defeat in Massachusetts triggered the proposal, since all of this would be impossible to arrange in a day, very difficult even with a few days’ warning. Then, Volcker sounded rather confident in his December interview when he said “In the end, I will probably win.” One may read it as a sign that by then the political winds had already change direction.

By: Abe, NYC

Abe, NYC — Fri, 22 Jan 2010 03:16:00 +0000

I don’t believe that the defeat in Massachusetts triggered the proposal, since all of this would be impossible to arrange in a day, very difficult even with a few days’ warning. Then, Volcker sounded rather confidently in his December interview when he said “In the end, I will probably win.” One may read it as a sign that by then the political winds had already change direction.