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If Obama took aggressive action to punish and neuter Wall Street, how would market respond?

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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:32 AM
Original message
Poll question: If Obama took aggressive action to punish and neuter Wall Street, how would market respond?
Edited on Tue Mar-24-09 09:59 AM by yurbud
One thing that irked me when Geithner unveiled his cash for trash proposal was the newspapers made a big to do about the market shooting up, as if that is the only measure of success.

But how would the market respond if Obama enacted the regulation necessary to prevent this from happening again and limited speculative investing and encouraged long term investing? Wouldn't that be a short term drag on the market in spite of being necessary for our long term economic health and even survival as a democracy?
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peace13 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:38 AM
Response to Original message
1. The market is controlled by selfish *astards who do not answer to Obama
and will retaliate with even more robbing and thieving of the investors. Tin foil hat off now and back to work. Peace, Kim
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hendo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:41 AM
Response to Reply #1
2. and, you think they should answer to the president? with out question?
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 10:12 AM
Response to Reply #2
5. only in the sense that the rest of do by obeying laws and not harming others, etc.
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:47 AM
Response to Original message
3. I think you are missing a word....
Tough action would would make market for a significant amount of time, but public would still back tough action???

Tough action would would make market for a significant amount of time, but public would still back tough action
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 09:58 AM
Response to Reply #3
4. or you mean I have an extra word?
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hendo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 10:23 AM
Response to Reply #4
6. nope, missing one
tough action would make market?

Make the market do what? Crash?
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 11:56 AM
Response to Reply #6
7. oh!
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Occam Bandage Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 11:59 AM
Response to Original message
8. Make market what?
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-24-09 05:28 PM
Response to Reply #8
9. tank--I missed that typo until after editing period expired.
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