Obama Better Than Bush But Still Has No Real Plan to Fix Banks, FT's Wolf Says

"COVERT, HIDDEN, TRANSFER" of Liabilities......That says it all doesn't IT!!??

Gee who would have guessed that Obama is all talk with no solution just more yak with less substance. His destruction of the auto co's and all involved will soon be obvious to all with mass unemployment and the loss of the last large manufacturing base. His idea that we need to drive small auto's cause he says so will soon be obvious when he puts a large tax on gas. Ah well we'll get to vote again in 2 years on his administration. Good luck everyone and have a happy day.

Financial Fools Day? Painful.....It's going to take us a while to get out of this.....

Bush laid out a plan but the dem refused to listen, including barney . we need to let barney go home.

He got that right.. this steamroller is just getting started...

Here we go again! These two must be SHORT every financial! I've never seen two guys so adamant on spreading bad news about the banks! Pathetic!!!!!

What esle can you buy for 8 trillion dollars

If anybody but the banks were in charge we might return to normalcy....

Lets keep supporting the banks and car manufacturers so the tax payer can be out a trillion or two before they those entities ultimately go under anyway.......Its not real money to democrats anyway, because evidently they don't pay taxes!!!!

Why doesn't Obama just sell the United States while he's over there, even the French can afford it when he's done with us.

Let's see if our con man can get away with it. Who is carrying his teleprompter ! Oh my God! You can't let him loose on his own!

Obama needed to play hardline on the auto industry...they weren't solvent, and there's no point throwing money at the insurmountable problem. What's funny is that Wolf is talking out of his ass...he has no clue what the administration is going to do once the stress test is completed at the end of April. Why do you think many banks are trying to give the tax m oney back to the govt. There is a real possibility that the banks that fail the stress test will have the same fate of GM as driven by the very action that Wolf is calling for. Some of you on this board are hilarious. On one side you don't want governement interference, and on the other hand you want the govt. to save GM...which is it?

Yeah, just one more yak is right. I'll drive the car I want to drive and can't wait for his term to come to an end. Who needs another with no substance and all the rest telling Obama what to do. President bush did have a plan and the DEMOCRATS would not listen....this was Not in the best interest of the American public......just another yak...... Obama voters are gettin' what they deserve.........yak.

What a bunch of crap. This guy is a huge Liberal, meaning he has no common sense or logic to his argument! First off Liberal/Democratic house/congress got us into this mess with their lending to anyone with a pulse push to all americans regardless of credit or ability to pay. Bush's only mistake was trying to work with the democrats and allowing the budget to get out of wack (democrats always push for more spending and bigger government). Obama has since in his first 60 days spent more in his emergency pork barrel stimulus plan than every president combined before him since George Washington to George Bush! Obama is screwing up this country WORSE and causing Americans to be more reliant on government so that he will be able to FORCE socialism on us! A concept that has never worked economically for the Soviet Union or Europe! The goernment has no experience running banks, does this moron really think that greater government regulation and control of banking is this administrations biggest downfall? The more government starts running business, the more they screw it up! MIT/Harvard educated Wall Street understands this and that is why the market tanked on even the slight impression that government would start running banks. It also went way back up when they smartly said that is was never their intention (and crazy to think that government wanted to take over banking!) Get rid of this Wolf idiot! He is an extreme lib/socialist in sheeps clothing! (get it, Wolf in sheeps clothing) :)

This is once in a life time chance to Fix the corrupted bankers. If these crooks are allowed to continue their deeds, its the death of civilisation.

so let me get this straight, Obama doesn't have a clue how to fix the problem . . . but he is "cleary" doing better than Bush did. This guy contradicted himself like 12 times. typical liberal.

figures don't lie, but liars can figure

What authority does Wolf has as he along with most economists missed the current disastor? Have they been to a recent seminar and are now wide awake or do they write to stay employed as some sort of "expert" of financials . Is it kinda lIke John Grisham, abook a year should keep the income coming in? Really who cares about his opinon. I'll send my moms to ya if you need space to fill

They have a plan.........Socialize and Nationalize......Never let a crisis go to waste....you can do things that would not be possible otherwise.

"Obama Better Than Bush But Still Has No Real Plan to Fix Banks, FT's Wolf Says". So let me get this straight. He has no plan to fix the problem but is doing better than the guy before him??????? Anyone with half a brain could have predicted that Obama was not even remotely ready for this job. Let us look at it this way. Go back in time 2 years and imagine that you are working for a strugling small company, and the board of directors (or the owner) announces to Obama was hired as the new CEO of the company.Would you have any confidence that the right person was hired to lead your place of employment or would you sit there in amazement and thinking just how stupid the board of directors was to make the move? The guy has no executive experience. What else was anyone expecting? You add his socialist leanings, and it is easy to figure out that a couple of years down the road you will not recognize this country. For those who share those socialist views that is a good thing, but for those that do not it is a terrifying thought.