Obama: Banks Are In To Make Money And That's Why We Need To Regulate Them
RCP Video ^ | 10-25-2012
Posted on Thursday, October 25, 2012 8:09:12 AM by
(Obama on Jay Leno)
"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. ....
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.
(Excerpt) Read more at realclearpolitics.com ...
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LOL. And this idiot sits in wonderment why the economy is in the crapper and people won't hire anyone.
