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Obama on Nationalization
Calculated Risk —
Terry Moran at ABC News interviewed President Obama today (airs tonight). Here are some excerpts: (hat tip Paul Kedrosky) TERRY MORAN: There are a lot of economists who look at these banks and they say all that garbage that's in them renders them essentially insolvent. Why not just nationalize the banks? PRESIDENT OBAMA: Well, you know, it's interesting. There are two countries who have gone through some big financial crises over the last decade or two. One was Japan, which never really acknowledged the scale and ...
ABC's Moran: Obama 'Too Nice,' Empathizes: 'You Got No Honeymoon'
NewsBusters.org - Exposing Liberal Media Bias —
In excerpts aired on Tuesday's World News, of Terry Moran's interview with President Barack Obama for Nightline, Moran was as sycophantic toward Obama as he was during the campaign, lamenting Obama “got no honeymoon” and bemoaning the new President had been “too nice” to Republicans. “Mr. President,” Moran rued in overlooking the ongoing honeymoon from the media, “you got no honeymoon. Not a single Republican vote in the House on your first major piece of legislation.” Moran speculated: “I wonder in coming into the presidency, maybe you were too nice? If I'm a Republican Senator or a Republican Congress, I think you're a very nice ...
In The Long Run
JustOneMinute —
In the long run we are all... a day older and a day wiser? Obama pleads for patience and a longer perspective in a chat with Terry Moran of ABC News: MORAN: Can you say how much, ballpark figure, that will cost the American taxpayer? A trillion, a trillion-five, two trillion? OBAMA: I can't say the ballpark figure. What I can say is -- MORAN: Why not? Two months is the long term in evaluating our financial system? I embrace the Faster Failure thesis. Or something . MORE: Bloomberg coverage of the interview.
Quote For The Day
The Daily Dish | By Andrew Sullivan —
"Sweden...had a problem like this. They took over the banks, nationalized them, got rid of the bad assets, resold the banks and, a couple years later, they were going again. So you'd think looking at it, Sweden looks like a good model. Here's the problem; Sweden had like five banks. [LAUGHS] We've got thousands of banks. You know, the scale of the U.S. economy and the capital markets are so vast and the problems in terms of managing and overseeing anything of that scale, I think, would -- our assessment was that it wouldn't make sense. And we also have different traditions in this country," - Barack Obama. ...
Surveys: Americans Grip To Individualism In Economic Storm
The Huffington Post | Full News Feed —
... President Obama, in rejecting nationalization of banks as a way to deal with collapsing financial institutions cited the alien character of such actions to this country. ...
Surveys: Americans Grip To Individualism In Economic Storm
Politics on HuffingtonPost.com —
... President Obama, in rejecting nationalization of banks as a way to deal with collapsing financial institutions cited the alien character of such actions to this country. ...
