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It appears that our Wall Street masters are still miffed that President Obama used a few harsh words against Wall Street even after he helped give them their wingnut welfare bailout. And we're not talking about the chump change Americans receive in unemployment benefits mind you.

On the mental list of slights and outrages that just about every major figure on Wall Street is believed to keep on President Barack Obama, add this one: When he met recently with a group of CEOs at Blair House, there was no representative from any of the six biggest banks in America.

Not one!

"If they don't hate us anymore, why weren't any of us there?" a senior executive at one of the Big Six banks said recently in trying to explain his hostility toward the president.

"It's not so much just this one thing,” he said. “Who cares about one event? It's just the pattern where they tell you things are going to change, that they appreciate what we do, that capital markets are important, but then the actions are different and they continue to want to score political points on us."

Still, the executive understands that it makes political sense for the White House to stiff-arm Wall Street, if not bash it with a massive sledge hammer.

And the article is just getting warmed up. Jamie Dimon, who once was a supporter equated Wall Streeters with slave owners from the South:

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase and a supporter of Obama in 2008, has been among the more outspoken critics of the White House's anti-Wall Street rhetoric. "It's harmful, it's unfair and it leads to bad policy," Dimon recently told The New York Times Magazine, adding that he told Obama: Former "President [Abraham] Lincoln could have denigrated all sSoutherners. He didn't."

You can see how deluded these fat cat CEO's are. I mean a few words will make them cry. As I said, even though the President gave these Masters of Destruction virtually a free pass they will now go back to pumping their millions in the GOP. What a shock.

While the landscape could change if the economy continues to improve, Wall Street is expected to line up heavily behind the GOP nominee in 2012, provided that person is not a populist, Federal-Reserve-System-bashing, tea-party-friendly candidate, such as Sarah Palin or Rep. Ron Paul of Texas. Still, even the prospect of such a candidate emerging from the GOP field should go toward tempering ay full financial industry revolt against Obama.

"The people who feel intellectually committed to the Democratic Party will continue to be supportive," one senior banker who is deeply plugged into Washington said. "You've seen a swing to the GOP but people are quite worried about the divisive effect of the tea party. There is certainly a devil, you know, factor that could help the president."

Some tea partiers have hurt their feeling too. Awwww, poor babies.

one financial executive said. "They really don't care what we think at all."

Here's another lesson I hope the President has learned. You can give the financial sector a trillion dollars, keep their institutions intact, extend the Bush tax cuts that go directly to themsleves and allow the flow of what are now a record number of monetary bonuses to keep on chugging and they'll still turn on you because of a few mean words. These people are truly in their own world that only Alan Greenspan and his fellow Randian uber- narcissists relate to. And in the end, these corporate jet setters would never support the left for an extended period of time because for the most part their ranks are made up of Birchers and Free Market freaks.

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19 Comments
Peter G's picture

meeting with business leaders? I guess he was meeting with the right ones. If it wasn't a meeting with bankers he must have been meeting with CEO's of companies that actually make stuff. Which isn't a bad idea at all.


Hasa Diga Eebowai

Blue Lensman's picture

This is the best argument I've heard yet on why we should vote for Obama in 2012.

thanking their lucky stars that the street lights of Main Street America haven't been decorated with their severed heads.

derekthered's picture

http://www.merriam-webster.com/dictionary/les...

just who in the hell does this obama guy think he is? president of the united states? looks like somebody needs a trip to the woodshed.

He can keep on making a fool of himself trying to woo the privledged class, they'll just continue to accept his candy and flowers and then laugh at him behind his back. When is he going to learn?

Paul's picture

....it looks to me that he thinks that if he's only nice enough to them, maybe they'll let him be one of them.

John F A's picture

It's the "common folk" that elected him, he's never never going to win over the other side in equal numbers. He would have been better off doing what we hired him to do.

Because one of the few people standing between you and gangs carrying torches to light the way for people to see where the pitchforks should go in your fat carcasses to deflate your massive ego's, and measure your fat heads for pikes to perch on, was Obama.
I know he needed to do it.
But on days like this, I wish he'd said, "FAIR GAME!!!" Or, maybe, "Me first!"
He probably would have been re-elected in a landslide in 2012 if the stench from your rotting corpses hanging from lamposts, and your dessicated heads on pikes, across the land on major roadways were still lingering in the air as a fine and savory perfume for the masses to enjoy as they drove to jobs paid for by repossessing everything you and your fucking families ever fucking touched.
I still don't understand why the aren't worried.
Hey, the French learned from us about how to have a Revolution. I don't see why we can't learn from them how to 'head-off' the problems that have been caused by wealthy pigs.

Alice X - Chomsky Nader's picture

Obama is a joke. The joke is on anyone who supported him, because the few tough words are just that, words.

Mr. Obama, where are the prosecutions for the WALL STREET CROOKS?


statusquObama, change you can only pretend in

Peter G's picture

Most of the things that were done to cause the worldwide turmoil were perfectly legal. That's the lovely thing about deregulation or no regulation. There's a certain appeal to rounding up the usual suspects and locking them away but first you have to make a case against them that they broke a law. Even where this is true and laws were broken it takes years. You are no doubt aware that there are many investigations in the works. Would you rather the rule of law be abandoned? I doubt your answer would be yes but if it was then you really can't have a problem with the existence of Guantanamo then could you? At least not and be consistent.


Hasa Diga Eebowai

Alice X - Chomsky Nader's picture

There has been illegality at every level.

Read Econned by Yves Smith.

When Fitch, the smallest of the three rating agencies, investigated their CDO portfolios they found fraud or misrepresentation in every example.

Mortgages based incomplete or missing documentation, and the loans known commonly as liar loans, whereby mortgages were given encouraging false information. Appraisers that pushed up prices because they knew if they didn't, someone else would. CDOs bundled with these fraudulently tendered loans and mis-rated by the three rating agencies.

Everyone was taking fee at every step, but they knew there was misrepresentation or outright fraud, because they were doing it.

Banks betting against their own CDOs with credit default swaps.

Synthetic CDOs where there is not even tangible property underneath.

The FBI in September 2004 issued an alert of massive mortgage fraud. Of course, instead of going after the miscreants, they hunt down anti-war protesters.

Now we have the final chapter whereby the Banks cannot show proper standing in foreclosure arena.

This is all common knowledge.

Please study the matter.


statusquObama, change you can only pretend in

Joe H.'s picture

A study out of University College London has found differences in the brains of people with conservative views and those with liberal views, the Telegraph reports.

Specifically: Conservatives have brains in which areas called amygdalas, which are associated with fear and emotion, are larger. It also found they have a smaller anterior cingulate.

The study has not concluded that conservatives are born with such brains, since the adult volunteers studied could have developed them through experience.

Still, it "does suggest there is something about political attitude that is encoded in our brain structure through our experience or that there is something in our brain structure that determines or results in political attitude," said Geraint Rees, who led the research, according to the Telegraph.

Researchers examined of the brains of two leading British politicians, one liberal and one conservative, as well as 90 students for the study. It was commissioned by actor Colin Firth as part of a "light-hearted experiment" that yielded surprising results, as the Sidney Morning Herald notes.

Raw Story argues that the study, if confirmed, offers "the first medical explanation for why conservatives tend to be more receptive to threats of terrorism," since amygdalas are associated with fear.

Rees described such areas of the brain as "very old and very ancient and thought to be very primitive and to do with the detection of emotions."

The nervous system is remarkably fluid in adapting and rewiring itself to whatever is repeatedly done.

AgentMacGyver's picture

would know what "wingnut welfare" actually is.

Cat Atomic's picture

The best thing for the left in this country would be for Wall Street to destroy the corporate ass-kissing, sellout Democratic "leadership" after they've bent over backwards to hand them everything they wanted. Obama alienated his own base trying to please these crooks, and if they toss him out like old rubbish now, it'll be a pretty damn clear lesson that the DLC approach is not practical.

Tom Servo's picture

Pres Obama seems to fear any political conflict, so he will comprimize to the point of throwing his own party under the bus. He'll try and smooth things over by offering more concessions.
I hope one day he wiull see Republicans *despise him*, even though many of the positions he holds were once republican positions. Pres Obama makes Pres Carter look like FDR.
The man we needed was Dennish Kucinich.

all hail the hypno toad's picture

Just got an e-mail from his office, seems his district may be going away due to the census. One less centrist voice in Congress :(

Tom Servo's picture

Sad but true- Mittens is a corperate shill and will gladly dismantle this country for short term profit.

Mark my words, Mittens/palin will win in 2012.

Obama is a one termer.

Bious's picture

It blows my mind that after the last 2 years that these people would think that stating publicly about being mad at someone would draw any sympathy whatsoever

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