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Obama to present sweeping market overhaul
CNN Money ^ | 15 June 2009 | Catherine Clifford

Posted on 06/15/2009 4:39:18 AM PDT by MeneMeneTekelUpharsin

The president is set to announce the details of a massive reorganization of financial market oversight, according to a published report.

NEW YORK (CNNMoney.com) -- President Barack Obama is set to release on Wednesday the details of his proposed overhaul to how financial markets are regulated, according to a report published in The Wall Street Journal Monday.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: agenda; bho44; bhomarkets; financial; markets; obama; reform; second100days
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More meddling.
1 posted on 06/15/2009 4:39:18 AM PDT by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin
Look for the market to go down.

Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)

LonePalm, le Républicain du verre cassé (The Broken Glass Republican)

2 posted on 06/15/2009 4:40:21 AM PDT by LonePalm (Commander and Chef)
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To: MeneMeneTekelUpharsin

Is there anything the One cannot do?


3 posted on 06/15/2009 4:40:48 AM PDT by Diogenesis (Igitur qui desiderat pacem, praeparet bellum)
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To: MeneMeneTekelUpharsin

oh dear Lord - this man has a severe case of Adult Attention Deficit Disorder.


4 posted on 06/15/2009 4:41:34 AM PDT by Scotswife
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To: MeneMeneTekelUpharsin

Oh.......great.


5 posted on 06/15/2009 4:41:53 AM PDT by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
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To: MeneMeneTekelUpharsin

OK he is MUCH TOO STUPID to have thought of this on his own in the last 100 days, with everythign else he has been doing.

So... Whose plan is this?


6 posted on 06/15/2009 4:42:22 AM PDT by Mr. K (physically unabel to proofreed (<---oops))
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To: LonePalm

“Look for the market to go down.”

No, I bet one of his overhauls will be to make the market look like it’s boom time. He will try to control the numbers.


7 posted on 06/15/2009 4:43:06 AM PDT by caver (Obama's first goals: allow more killing of innocents and allow the killers of innocents to go free.)
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To: Mr. K

I agree with you 100%, SOMEONE ONE OR SOME ORGANIZATION is behind all this, question is , WHO!
Toby


8 posted on 06/15/2009 4:44:25 AM PDT by gulfcoast6
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To: MeneMeneTekelUpharsin

The All-Purpose Czar.


9 posted on 06/15/2009 4:45:09 AM PDT by the invisib1e hand (Fraternities are the street gangs of Privileged White Boys.)
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To: Mr. K

That’s the big question about all his “plans.” Who thought of them? And, another question, how long have they been in the works? This didn’t just pop into anybody’s mind overnight.


10 posted on 06/15/2009 4:45:21 AM PDT by livius
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To: LonePalm
Look for the market to go down.

You my be right, but I think the market is smart enough to know that Zero's plan is a non starter with elections looming in 2010. I believe whatever plan we end up with will not be anything like being proposed by Zero today.

11 posted on 06/15/2009 4:45:41 AM PDT by Recon Dad (Cogito cogito ergo cogito sum - MARSOC DAD)
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To: Diogenesis
Is there anything the One cannot do?

I ask, Is there anything the "One" has ever DONE. Answer, NO.

12 posted on 06/15/2009 4:47:21 AM PDT by Texas Fossil (Once a Republic, Now a State, Still Texas)
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To: Mr. K

>> Whose plan is this?

Ever hear of a guy named “Soros”? European guy I think. ;-)


13 posted on 06/15/2009 4:48:05 AM PDT by Nervous Tick (Stop dissing drunken sailors! At least they spend their OWN money.)
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To: MeneMeneTekelUpharsin

The “Sweeping” that needs to be done is SWEEPING this trash out of the White House and Washington.

Vile Cretin.


14 posted on 06/15/2009 4:48:29 AM PDT by Texas Fossil (Once a Republic, Now a State, Still Texas)
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To: Mr. K

Bill Clinton’s


15 posted on 06/15/2009 4:52:18 AM PDT by MestaMachine (I don't have a novel or insightful tagline. At this point, words fail me.)
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To: livius
This didn’t just pop into anybody’s mind overnight.

It is a fact that the left has been planning this for decades. I encountered it in the Los Angeles area and the universities there in the mid '80s. The marxists are disciplined and have a tremendous ability to plan and network.

Somehow they had 0bama ready to go when the right situation (a weak RINO and an unpopular Clinton) presented itself. Now they are masterfully putting extremely serious and long-thought-through plans into quick and sequenced effect.

IF the conservatives and other decent people don't realize how serious this is and let them have another presidential term with no fear of being punished by voters then this country really is lost.

We need to stand up against the govt shift to the left at the same time to "rise up" against the double-standard culture that is trying to squash us into silence.

16 posted on 06/15/2009 4:54:49 AM PDT by paulycy (Liberal DOUBLE-STANDARDS are HATE speech.)
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To: paulycy

All out VOTING for the Rs in 2010 is one hope - we MUST pour our efforts into electing people who will switch out atleast 1 of the 2 congressional branches or we’re through. It’s a big task, but things may be such that the dems will suffer for their Pelosi/Obama/Reid leadership down the socialist path!


17 posted on 06/15/2009 4:59:40 AM PDT by princess leah
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To: caver

“He will try to control the numbers.”

This happened during the co-presidency. The financial report numbers like CPI were diddled with using “hedonic multipliers”, for example the sale of two microwaves was made equal to the sale of a refrigerator, so the numbers would stay up (rather then show a huge dip in CPI).

http://www.thefinancialhelpcenter.com/Economy/Inflation-the-Big-Lie.html

They changed the way “unemployment” was calculated, too. First they changed the definition to “new unemployment claims” and then shortened the window during which you were considered unemployed, from 2 years to 18 months to a year, so that if you were out 13 months, you’d drop off the screen. It looked like unemployment was getting better or at least staying the same when it was not.

Unfortunately W kept the CPI methods. I don’t know about his unemployment numbers, though.

But that’s why it seems like the prices of everything are going up much faster than the 3% the Fedgov tells you - they are!


18 posted on 06/15/2009 5:00:03 AM PDT by DBrow
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To: Mr. K
Do you really think he's thought of any of the stupid things "he's done?"

I think he's too stupid to think of any of it...he just signs what they stick under his nose...reads from TOTUS.... goes for burgers with Joe... on dates with his wife, from NYC to Paris.

19 posted on 06/15/2009 5:00:34 AM PDT by lonestar (Obama is turning Bush's "mess" into a catastrophe.)
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To: growlingrizzlybear

<><


20 posted on 06/15/2009 5:01:09 AM PDT by SnarlinCubBear (Sarcasma - Comforting relief from the use of irony, mocking and conveying contempt)
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