Hello Funny One here. I’m going to stick with the US Election. President Barack Obama struck out at Wall Street, calling bankers “fat cats” who don’t get it, in a rise of tensions with the industry… “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street,” Mr. Obama said in an interview on CBS’s “60 Minutes” program on Sunday. “They’re still puzzled why is it that people are mad at the banks. Well, let’s see,” he said. “You guys are drawing down $10, $20 million bonuses after America went through the worst economic year that it’s gone through in — in decades, and you guys caused the problem. And we’ve got 10% unemployment.” Relations between the banking industry and the White House were cold from the start and have gotten worse in recent weeks, with large banks lobbying against portions of legislation that would toughen financial-market regulations and administration officials angered by some banks’ continued payment of high bonuses and their unwillingness to lend… White House economic adviser Larry Summers also criticized Wall Street Sunday. “Here is what I think they don’t get…It was their irresponsible risk-taking in many cases that brought the economy to collapse,” Mr. Summers, who chairs the National Economic Council, said on CNN’s “State of the Union.” Mr. Summers knocked big banks for opposing the bill in Congress that would tighten regulatory controls over the financial industry. Anyways, I’ll leave it here for now.
funnyone2012 