Market to Obama: Put Bad Banks Out of Their (and Our) Misery

I hate Bush, but now I hate Obama as well. What's wrong with this country? With 300 millions population and we cannot come up with a good leader???

What is it as painful as this economy is the fact that no one on Tech Ticher seems to know what they are talking about. No One!

Well put.. humpty is looking mighty dumpty!

Karma to the banking criminals and there criminal friend Obama: Stop stealing from the people and let there banking criminals be put out of their corporate jet flying, high style partying misery.

The stock market is "oversold" but "in a fix" over a growing awareness of the dire state of the global economy and its lack of confidence in the Obama administration's handling of the banking crisis.---- That pretty much sums it up.... downtrend should continue nicely...

It has been said that ---- The love of money is the root of all evils. The want of want of money is so quite as truely.!

Can't nationalize banks without triggering derivatives which will ruin whole world economy.

Put these bad banks into FDIC receivership . . . the sooner the better so that we can turn the economy around.

If you check how these bank employees earn, Citi, BoA, and Lehman, you will be so surprised, really crazy high http://www.salarylist.com/all-real-jobs-salary-at-bank-of-america-n-a.htm

Why save any of them?!! Just like Merril Lynch--they'll be doling out the multi-million dollar bonuses w/our tax money while the administration, and the CEO's make excuses for them. DId you see Bank of America's CEO (Merril's saviour) in New Yourk Friday trying to make the bonuses private by court order?--Geez guys--it's our money you're stealing. At least let us know about it!

The argument for nationalization makes no sense to me. Granted, the solvency of the banks is in question. Why would nationalizing them make them solvent? Because the government would then be behind them? The uncertainty about how big the banks' losses are would simply change into the question of how big the government's losses are. I prefer questioning the solvency of the banks over questioning how big the government's immedate losses are. If the bank management was absolutely incompetent -- not balancing their cash drawers at night, for example -- then I could see stepping in, but I'd rather keep the private owners' skin in the game. Nationalizing would not resolve uncertainty. It would just transfer it.

ObamaNation is killing me. Oh Wait, he has only had 6 weeks in office to screw things up. Give him a few more.

Obama and his group cannot fix the banking problem. First, he is a beginner with no knowledge (except welfareism and socialism). Second, his team is partly responsible for getting us into this mess over the last 20 years, and know nothing either. Third, I did not vote for Obama or McCain, so don't give me that Republican...crap. .

You get what you vote for - Just Words, No Experience!

Ron Paul probably would have addressed many of the issues that people complain about here in ways that would have been reflective of the opinions on this board.. but you let the media scare you.. shame on you for listening to the fear mongering, status quo protecting, and divisive media.. you got what you voted for.. the same applies for Congressional inscumbents!

I agree 101%....close them down...we are good money after bad...

I the only difference with the Obama fans are the smart ones that voted for him feel really stupid now and the dumb ones feel like geniuses. It pays to be lazy, corrupt, greedy and irresponsible. Obama has shown us all that rewarding those who aren't deserving can create a masterpiece of destruction!

I hate the tech ticker's relentless repetition of an already dead subject and sensationalist headlines. Which banks are you guys talking about? Ken Lewis came out last week and said that they needed no further capital. The Obama administration came out as well saying there were no further plans to nationalize the banks. Citi just got government funding in the form of a stock buyout and everyone reported the "up to" numbers of 40%. I know you guys are bloggers which I guess means you can write about a guy who has shorts on the banks saying they should be nationalized every other day under the name "Tech Ticker". I am wondering when the last time you guys actually wrote about a tech company was. I don't know if Henry writes for business insider but he has just been copying and pasting articles pretty much. Well keep up the good work guys and write headlines like the ones you have because the sensationalism is the best part of anything you guys have to offer, and I will continue to hate your informationless posts.

"Can't buy their kids the GI JOE with the Kung-Fu grip."

Tim Geithner = FAIL