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Monday, December 21, 2009

Roland Martin Article on Wall Street

Roland Martin has a new article on The Cap Times titled "Mr. President, It's Time To Kick Wall Street Butt". Here's an excerpt:

If you told me that I could take billions of dollars in bailout money from the government and shower myself and my fellow comrades on Wall Street with $140 billion in bonuses and only get a tongue-lashing from the president and nothing more, I would want to know where to sign up.

President Barack Obama and his administration have undertaken their latest round of berating Wall Street for its bad ways.

On CBS’ “60 Minutes,” the president bristled at questions about helping the banks, saying, “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.”

You didn’t, but you have. In your defense, this economy stinks, and the mess of the Troubled Asset Relief Program left by former President George W. Bush’s treasury secretary, Hank Paulson, didn’t solve anything; you and your administration have been trying to figure it out to no avail.

“The people on Wall Street still don’t get it,” a frustrated Obama said. “They’re still puzzled why is it that people are mad at the banks.”

We knew that then, and we know it now. So, Mr. President, what are you prepared to do?

Let me be on the record as saying that unless the president, his administration and Congress go after Wall Street with gusto, not a damn thing will be accomplished by the chat between the president and the top Wall Street bankers. Let me be clear: NOTHING.

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