As a key committee in the Senate takes up reforming the ways of Wall Street, the President lays down a marker: I urge those in the Senate who support these reforms to remain strong, to resist the pressure from those who would preserve the status quo, to stand up for their constituents and our country. And I promise to use every tool at my disposal to see these reforms enacted: to ensure that the bill I sign into law reflects not the special interests of Wall Street, but the best interests of the American people.
Gordon Brown & Henry Paulson are blaming speculators ( scapegoats ) for the economic crash, the ban on short selling does not stop the fall of bank stocks because investors are dumping their own bank stocks, the current free market capitalist system is not “free” but rigged by those in power ( deregulations ), martial law, hyperinflation, the collapse of the financial systems looks like a controlled demolition, the “paulson plan” 700 billion bailout is a financial power grab similar to the patriot act, the unregulated banking system of derivatives is called the shadow banking system, recorded on September 27th 2008 . . . the whole audio is at . . . karmabanqueradio.com … … …
Financial Crisis Spelled Out So Any Dumbed Down Citizen Can Understand. Starring All The Good Ones Barack Obama George Bush Nancy Pelosi Barney Frank (Ron Paul Peter schiff Dennis Kucinich Not Thugs) Dick Fuld Alan Schwartz Ben Bernenke Ken Lewis Hank Paulson Alan Greenspan and Many More Thugs
President Obama calls for new restrictions on the size and scope of financial institutions to rein in excessive risk-taking and protect taxpayers. The proposed legislation is called the Volcker Rule in recognition of the efforts of former Federal Reserve Chairman and current Presidents Economic Recovery Advisory Board Chairman Paul Volcker. January 21, 2010.
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Raw footage of protesters rioting in London’s financial district before the G20 Summit on April 1, 2009, which was labeled by protesters as “Financial Fool’s Day”.
President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry …
A song by the Astroturf featuring David Caplan Back in March we didn’t know what was to come the Bear stearns collapse had already come and gone We finally thought that we’d start to gain some ground But subprime losses just kept being written down Over the summer months commodity prices all went up the cost of oil hit 150 bucks and everyone talked about their stagflation fears and just like that it all those worries dissapeeared chorus: We had the lehman bust We lost all our trust In the …
