The President tries to get the Banking Industry ‘back in the bottle’ with Restrictions….and get back on top….

President Obama….trying to regain the high ground…is going back to safe ground, and beating up on the Banks…which everyone hates……

President Barack Obama proposed Thursday new rules designed to restrict the size and activities of the U.S.’s biggest banks, the latest in a series of administration moves to curb Wall Street.

The White House wants commercial banks that take deposits from customers to be barred from investing on behalf of the bank itself—what’s known as proprietary trading—and said the administration will seek new limits on the size and concentration of financial institutions.

“My resolve to reform the system is only strengthened when I see a return to old practices at some of the very firms fighting reform; and when I see record profits at some of the very firms claiming that they cannot lend more to small business, cannot keep credit card rates low, and cannot refund taxpayers for the bailout,” President Obama said Thursday. “It is exactly this kind of irresponsibility that makes clear reform is necessary.”

The President must be a bit shaken up because he has Paul Volcker back by his side…the first time in year, since Volcker was shuttled aside in favor of Geithner and Bernanake…two guys who have their own current public relations trouble……The President…..a rookie, and a little unsteady these days, is reaching back finally, in a Bill Clinton sort of way, after realizing that he was trying do a bit too much of’ ‘Change ‘for the politcal process in shock from the economy  to swallow….look for some more slowing of things, in days to come…..and more political maneuvering…..

I just know Bill Clinton has been on the phone to Obama……Healthcare and too much too soon?.…

Just like Clinton term one….

And the campiagn…when in trouble…. go on the offense……