Obama vs. Banks

Tuesday, May 25, 2010

John Heilemann, national political columnist for New York Magazine and co-author of Game Change: Obama and the Clintons, McCain and Palin, and the Race of a Lifetime (Harper, 2010), talks about the politics of financial reform and other current news.

Comments [12]

Eugenia Renskoff from Brooklyn

Hello, Braian, I have no problem with people being rich, but it is very true that Wall Street can be very greedy a lot of the time. It is not fair, especially in a country such as the United States, that a person such as myself who lost her home to foreclosure cannot get her money back as well as justice. There has to be a better answer, a better way. Eugenia Renskoff

May. 25 2010 03:55 PM
Taher from Croton on Hudson

amalgam from Manhattan by day, NJ by night
There is always hope. Thanks.

May. 25 2010 10:52 AM
amalgam from Manhattan by day, NJ by night

Taher - Excellent call on David Harvey. Good luck trying to get WNYC (or any mainstream) to bring on a geographer/economist to provide a Marxist analysis of the globalized economy.

You're right, though, people need to be more aware of the spatial and material analysis of global capital and its effects and limitations.

May. 25 2010 10:50 AM
Taher from Croton on Hudson

Brian needs to bring David Harvey on the show. David Harvey might gave us a larger view as to the meaning of what happened and is happening on Wall Street.
Rather then just another view from a mirror reflecting another mirror.
For those who are interested check out:

May. 25 2010 10:29 AM
Nate Bowman

Regarding the financial firms paying back their loans:

When will someone ask how they got the money to pay back the loans?

How much of it was from borrowing from the Fed basically for free and then investing in government bonds, thus having the taxpayers pay back their loans.

May. 25 2010 10:24 AM
Nate Bowman

The rhetoric about coming down on the financial industry is just that. If I made that kind of money, I would be willing to be called names by anyone that wanted to.

The proof will be on how sharp the teeth of the proposed and then passed legislation will be.

May. 25 2010 10:22 AM
JT from NY

Wall Street's behavior over the past few years has really soured my opinion of everyone that works there. My wife and I recently discussed how that is one area we would never want our children to work. No matter how good a person you are it seems that a Wall Street makes you only think about winning and making money at any cost. That's not the way we want our children to be.

May. 25 2010 10:22 AM

I dare this guest to give 1 substantive example of how Obama is trying to change Wall Street.

Let's not rewrite history.

May. 25 2010 10:20 AM
Henry from Katonah

Mars ? Why do people in the financial sector not realize that they are parasites of the economy ? Heilemann is talking a lot of sense today.
I know this is a "shadow" Wall St. question , but since the name of Soros came up ... Why has that tax loophole where hedge fund manager are taxed at 18% ( lower than their secretary's rates , as Soros has said )?

May. 25 2010 10:20 AM

This is SO sweeping. Surely there is some nuance in their positions. Can't he take this apart a LITTLE bit?

May. 25 2010 10:19 AM
amalgam from Manhattan by day, NJ by night

Regardless of Obama's outward rejection of Wall St., every American president in the modern era MUST accept big finance-[multinational] corporate funding and influence to get accepted, particularly as unions clout has severely declined.

The fact is that big finance, especially, has had an outsized share of the USA's wealth and ANY crimping of their profits is unacceptable. They are truly greedy.

May. 25 2010 10:15 AM

a quick review of history shows us the wealthy always get their way.

May. 25 2010 10:10 AM

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