Can Obama make the deep reforms needed in Wall St. without driving down the market briefly?

[yurbud]

Poll question: Can Obama make the deep reforms needed in Wall St. without driving down the market briefly?

One thing that continues to piss me off about the Wall St. bailout is the continuous line of reporters immediately measuring what Obama does by how the market reacts.

You know what? Fuck that shit.

If Obama did what he needed to do, I would expect the trust fund babies and day traders to shit their pants then go look for a real job.

The market might drop precipitously for a while, but after that, it's graph would look more like a gentle incline than a seismograph in 10.0 earthquake.

Would the necessary reforms cause a drop in the market or not?

[DJ13]

1. The DC mindset that believes the stock market is the real economy

.......is precisely the reason Obama hired Gethner and Summers.

DC fears upsetting Wall Street, and nothing Obama does following that thinking will solve the economic crisis.

[MarjorieG]

2. Hired them because of the finesse we need now, populist thinking aside.

If Wall St doesn't participate with these assets, they've been warned. Regulation sooner rather than later, and differently than if they'd co-operated.

[yurbud]

3. that ''finesse'' was missing when they created the mess--has anyone asked Summers, Rubin et al to

acknowledge and apologize for their role in creating the problem?