Another Teaching Moment

President Obama talked to Wall Street yesterday. BO is a smart guy, but he is naive.  He knows nothing about Wall Street, investors, markets and the like.  He demonizes banks, bonuses and investors, we are just a greedy bunch. If he has his way,we will take the risks, and if we have gains, he will be happy to tax our gains and profits.  But he and Barney Frank will fix Wall Street......... right.
Maybe banks take too much risk, if they do, and they fail, then they should fail. We have a system of bank regulators, where were they? - the same place the SEC was at when they were suppose to be watching the shenanigans of Bernie Madoff.

From Wikipedia, the free encyclopedia.

"The size of the world stock market was estimated at about $36.6 trillion US at the beginning of October 2008. The total world derivatives market has been estimated at about $791 trillion face or nominal value."


There is alot at stake here.  If he over regulates, markets, banks and companies, and  the risks become minimal, then returns on investments  will become minimal.  Investors that are willing to take on more risk ( in hopes of a greater return, they will have no choice but to invest in markets (foreign) that will potentially offer greater gains, for greater risk.