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22
Jan
CNBC Special Report – Obama’s Plan for Banks
Mark offers Maria Bartiromo his views on President Obama’s proposed bank regulations. He offers his thoughts on the restrictions this proposal inflicts on financials, why this move would be bad for business and his expectation for the market’s performance.
January 22nd, 2010 at 1:23 pm
Mark,
You definitely had the best answer as well as giving the President some sage advice.
Who was the last guy. Did someone forget to tell him he was going to be asked a question? He definitely can’t think on his feet or maybe it was because he was seated.
You are making us look good.
Ross
January 22nd, 2010 at 1:51 pm
Great, crisp, reply Mark. Thanks.
January 22nd, 2010 at 1:54 pm
It never ceases to amaze me that someone who has NEVER held a job in the private sector can come up with such absurd fiscal policies. Any 5th grader who has owned a paper route knows businesses run on profits, and if you have no profits due to taxes, you’re out of busisness.
January 22nd, 2010 at 4:04 pm
Capitalism works, it NEVER fails, Governments fail us by acting imprudent in an effort to “Save” us.
Excellent answering of her questions Mark.
Does everyone notice that Mark ALWAYS smiles! Look at the other two…..the looks of “No Hope”
January 25th, 2010 at 12:26 am
As you have said many times,those that accept investing risk must be compensated for accepting that risk (including Government). The banks are now learning what some of the costs of relying on the government guarantee are going to be. To the federal government, “Too Big To Fail” may also mean “Too Big To Be Free”.