Motley Moose – Archive

Since 2008 – Progress Through Politics

“We can do a lot of psychological damage” – OPEN THREAD

I’m doing a story about banks and their importance to the economy of the New York area. I interviewed a major figure in a New York investment bank this morning, and was struck by his comments. Here’s what he said on the record;

“The market is down three percent in the past two days. It doesn’t like these reforms, it’s clearly an attempted government takeover of our financial system. We’ll fight it in the courts if we have to. These are too draconian. We don’t see the President putting these regulations on auto companies, for example.”

Then came the off the record comment, which he asked me not to print in my paper (but said nothing about anonymously on a blog),

“We sent the market crashing. It’s the only tool we have to fight the government. The American people have become so used to creating the falso correleation between the economy and the Dow, all we need to do is sell the market, send it crashing and it’ll be enough to create a populist backlash against these reforms.”

He laughed.

“How are people going to feel about him when the Dow drops below 10,000? No matter what he does, we are in control. We can do a lot of psychological damage. The President is not going to know what hit him.”

is anyone else ready for a torch-wielding mob marching down Broad St.? Consider this an open thread.  


  1. Cheryl Kopec

    Thanks for letting us know — I’m shocked, but not surprised. More and more I’m beginning to understand why “the love of money is the root of all evil.” It’s hard to think of any major challenge we face today that could not be easily fixed if money were removed from the equation.

  2. HappyinVT

    Revolutionary Holocaust airs Friday, January 22 at 5p ET on the Fox News Channel…

    A groundbreaking hour long special where Glenn Beck takes us back in time to examine the roots of socialism and communism and the evil that followed. We all know about the horrors of the holocaust where the pure evil Hitler inspired claimed the lives of millions of innocent people. But most do not know about the millions upon millions of lives lost in a different genocide of the Ukrainian people under the Stalin regime. This special also takes a look behind the iconic fashion symbol of Che Guevara showing that the myth doesn’t tell the story of the man who was a blood thirsty killer. We meet a family who saw first hand what a monster the man was. They know the cost of communism and you will too when you hear their story, and who can forget about Mao Zedong? A leader responsible for 70-million deaths during his reign. All communist. All killers. We will show you things you’ve never seen but need to.

    One of the “contributing experts?” – Jonah Goldberg.

    I think I’ll pass.

  3. HappyinVT

    In the days since the earthquake in Haiti, Americans have shown their generosity with millions of dollars in donations.  Tonight, President Obama signed a bill into law that makes it easier to give.  This legislation will allow taxpayers to receive the tax benefit from donations made to the Haiti effort in this tax season, rather than having to wait until they file their 2010 tax returns next year.  Specifically, cash donations to charities for the Haitian relief effort given after January 11 and before March 1 of this year may be treated as if the contribution was made on December 31 of last year so that the contribution can be deducted from 2009 income. This measure applies to monetary donations, not goods or services.

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