Is Obama Smothering A Recovery In Its Crib?

Until Barack Obama post-Massachusetts temper tantrum, my retirement had nearly recovered. Thanks Obama. Temper tantrums is not a governing philosophy.

Washington spent months nursing the financial system back to health after the 2008 economic crisis, stabilizing then reviving battered markets and ultimately restoring trillions of dollars in investor losses. Wall Street's political fortunes have not fared as well.

Now, an aggressive stance against the bankers, financiers and even government officials popularly blamed for causing the crisis is gaining political momentum, and there are signs it is eroding the very financial stability the government championed.

Moves to rein in the country's biggest banks and talk of blocking the reappointment of Federal Reserve Board Chairman Ben S. Bernanke torpedoed confidence in the stock market last week, sending share prices into their steepest decline in nearly a year. Analysts fear conditions could worsen before they improve, as anger at Wall Street morphs into uncertainty about its business practices and prospects. Washington spent months nursing the financial system back to health after the 2008 economic crisis, stabilizing then reviving battered markets and ultimately restoring trillions of dollars in investor losses. Wall Street's political fortunes have not fared as well.

Now, an aggressive stance against the bankers, financiers and even government officials popularly blamed for causing the crisis is gaining political momentum, and there are signs it is eroding the very financial stability the government championed.

Moves to rein in the country's biggest banks and talk of blocking the reappointment of Federal Reserve Board Chairman Ben S. Bernanke torpedoed confidence in the stock market last week, sending share prices into their steepest decline in nearly a year. Analysts fear conditions could worsen before they improve, as anger at Wall Street morphs into uncertainty about its business practices and prospects.