Zandar's Thought Of The Day

CNBC:

US banks could become less competitive—and less profitable—from President Obama's proposed financial overhaul, analysts say.

As details of the sweeping plan emerged, there was worry among investors that the sector—which has been recovering in recent months from last year's financial crisis—could take another hit.

Among the biggest concerns: that increased regulation would reduce risk and leverage—which have been the main engines of growth in recent years.

For those of you just joining us, in plain English, that means that that horrible Obama person recognizes that banks have made most of their money in the last ten years by bellying up to the derivatives craps table and rolling the dice.

Obama wants to put a limit on the table to try to keep these complulsive gamblers from losing another metric asston of cash. This of course equates to making U.S. banks "less competitive--and less profitable" if you happen to be the TV propaganda arm of the financial industry like CNBC.

Even if your industry nearly sinks the global economy and helps drop the country into the worst economic mess in decades, it's still all about picking on the poor banks.

Here endeth the lesson.