Legal Commentary

Obama Tough On Detroit, Easy On Wall Street

By Big Tent Democrat

I do not disagree with President Obama's admonitions to the auto industry:

Obama, in an interview with CBS' "Face the Nation" broadcast Sunday, said the companies must do more to receive additional financial aid from the government. "They're not there yet," Obama said.

. . . Obama said the government would require a "set of sacrifices from all parties involved, management, labor, shareholders, creditors, suppliers, dealers. Everybody's gonna have to come to the table and say it's important for us to take serious restructuring steps now in order to preserve a brighter future down the road."

(Emphasis supplied.) Here's my question -- how about some tough words and conditions for Wall Street BEFORE you bail them out, AGAIN, President Obama?

Speaking for me only

Full post as published by TalkLeft on March 29, 2009 (boomark / email).