Chris Whalen is a well-respected banking sector analyst who often appears on CNBC and Bloomberg. Below he gives his view on Barack Obama’s stimulus package speech and the need for banking sector restructuring. Below that is a video of President Obama’s speech (he does a lot of thank yous before getting to the substance).
You should note that Obama delivered the speech from Denver, where Marshall Auerback lives, and the markets tanked. I see a connection.