Just when you thought it couldn't get any worse...

  Grey Goo 12:27 22 Jan 2010
Locked

Obama gets hissy with the financial Mafia.
click here

  morddwyd 21:37 22 Jan 2010

The honeymoon is well and truly over.

Don't recall a President being condemned so roundly or so soon.

The loss of that Senate seat in Massachusetts has been compared with the Tories winning in Sunderland and seems to be regarded as pretty cataclysmic.

  Snec 23:41 22 Jan 2010

No, I did think it could get worse. Actually the worst is yet to come, probably by about nine months.

  OTT_B 01:15 23 Jan 2010

So, lets get this straight; Someone in (relative) authority wants to stop banks, who sell their services on profit levels, from risking money that they don't own, through mechanisms they don't understand to prevent a collapse of the world economic structure. Again.
In their interpretation of the comments, the very people who caused the problems decide that they will devalue the companies who they work for by selling shares on the cheap because they won't be able to risk the money they don't own, by mechanisms they don't understand, to make money for the institutes they work for. Again.

Want some proof?

"Its misery was compounded by continued rumours that it may need to tap shareholders for fresh capital"

Rumours. Great basis for business.

"Investors in HSBC and Standard Chartered will hope that their global reach..."

Hope. That's what I'd do if I had your money.

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