Wall Street Manna

An irreverent look at Wall Street

Thursday, January 21, 2010

All bark and no bite?

Is that the wager on Obama's getting tough stance on the banks?

I'd hope it's at least a bit more than that.

But did you see CNBC and Cramer and Barney Frank, all back-pedaling over what Obama said?

And don't think the banks weren't dumping stocks either, in their hysterical hissy fit.

Bo wanted to get rid of "The buck stops here" so he changed it to "The bark stops here!"

As long as he gets a bump in the polls!


At January 21, 2010 at 5:18 PM , Anonymous Anonymous said...

I don't think Obama means business. It's all talk. He needs the economy to improve before elections and attacking the banks is counter productive.

At January 21, 2010 at 5:24 PM , Blogger Palmoni said...

This sell-off seems so orchestrated--the market is really the only leg this economy has going for it right now--and the underpinnings of confidence can be broken fairly easily.

That said, I'd like to see Goldman crack--but I'm not going to cut off my nose to spite my face.

At January 21, 2010 at 5:53 PM , Anonymous Anonymous said...

i agree with you Palmoni...without the market we have no recovery. all our 401k is gone, etc

At January 21, 2010 at 11:29 PM , Anonymous Anonymous said...

Palmoni are you still touting the market? The Rosie is idiot right? He is such a pussy. Tells us please what stock to buy.


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