"Broad new outlines of the administration's agenda have begun to emerge.... in a recent report by an international committee led by Paul A. Volcker, a senior member of President Barack Obama's economic team.... a larger regulatory umbrella has been embraced as a guiding principle.... Some of these actions will require legislation, while others should be achievable through regulations adopted by several federal agencies...."
Sig Heil!
Do you see the GLOBALISM IMPLIED there?
"Obama pushes economic aid for taxpayers; Promotes the effects for average citizen" by Philip Elliott, Associated Press | January 25, 2009
WASHINGTON - President Obama took to the airwaves yesterday to promote his economic aid plan in what's-it-mean-to-me terms: thousands of better schools, lower electricity bills, health coverage for millions who lose insurance.
Promises, promises.
It was the latest appeal from the new president for a massive spending bill designed to inject almost $1 trillion into the economy and fulfill campaign pledges. As lawmakers consider an $825 billion plan and Obama woos them with an eye toward a second economic package....
Why is that SECOND BAILOUT being kept SO QUIET, huh?
Obama aides have not ruled out that the administration would seek a second economic recovery plan - even before Congress approves the first - to patch an ailing economy. Some are considering a sequel to assuage members of their own Democratic Party who fret that too little of the money is going toward public works projects that would employ their constituents....
Translation: this "economic stimulus" they are crafting for YOU, Amurkns, is nothing but ANOTHER LOOT JOB GIVEAWAY!!
--more--"How much shit can you stomach before you puke, Amurka?
"Obama plans to move quickly to tighten financial regulatory system; Team targets the roots of economic crisis" by Stephen Labaton, New York Times | January 25, 2009
WASHINGTON - The Obama administration plans to move quickly to tighten the nation's financial regulatory system. Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies, and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.
Not that regulation isn't needed, but I don't trust government. Where they been huh?
Broad new outlines of the administration's agenda have begun to emerge in recent interviews with officials, in confirmation proceedings of senior appointees, and in a recent report by an international committee led by Paul A. Volcker, a senior member of President Barack Obama's economic team.
A theme of that report, that too many major companies and financial instruments now mostly unsupervised must be swept back under a larger regulatory umbrella, has been embraced as a guiding principle by the administration, officials said. Some of these actions will require legislation, while others should be achievable through regulations adopted by several federal agencies....
**************
The administration is also preparing to require that derivatives instruments, including many kinds of credit default swaps, be traded through a central clearinghouse and possibly on one or more exchanges, a move that would make it significantly easier for regulators to monitor and supervise their use. Credit default swaps, which protect the holder of a debt security against a possible default, have been widely blamed for spreading the crisis.
From what I've read on the blogs, those things should be abolished!
Also see: No Rest Stops For Massachusetts Taxpayers
Officials said that the proposals were aimed at the core regulatory problems and gaps that have been highlighted by the market crisis. They include lax government oversight of financial institutions and lenders, poor risk management efforts by banks and other financial companies, the creation of exotic financial instruments that were not adequately supported by their issuing companies, and risky and ill-considered borrowing habits of many homeowners whose homes are now worth significantly less than their mortgages....
You know, I'm sick of them blaming homeowners when they shove the American dream in front of your face and say sign here.
The regulatory changes are a major piece of a broader package by the new administration to address the market crisis.--more--"
What BROADER PACKAGE?
It's ONLY BEEN ALLUDED to, folks; what EVIL are they cooking up in Washington D.C.?
MORE TRILLIONS going to BANKS?!!
