Posted on 09/13/2009 4:28:21 PM PDT by blueyon
On the eve of the one-year anniversary of Lehman's liquidation filing , the US President will on Monday warn that there remains much to be done to ensure the problems of the last 12 months do not happen again.
Speaking just 10 days before the start of the G20 summit in Pittsburgh – at which world leaders are set to discuss curtailing bankers' bonuses among a raft of potentially restrictive reforms – he will also put the amount of capital banks hold on their balance sheets back at the top of the agenda, acknowledging that the demise of Lehman and Bear Stearns were a by-product of inadequate capital requirements.
(Excerpt) Read more at telegraph.co.uk ...
See my post about Money market guarantee program expiring (Heads up notice for Sept 18,2009) also......
http://www.freerepublic.com/focus/f-news/2338874/posts
What we need are regulations governing politicians. They’re out of control.
Celebrate good times ... come on ...
http://www.freerepublic.com/focus/f-news/2338614/posts
Gibbs:
“I think people are upset because on Monday we celebrate the anniversary of the Lehman Brothers collapse that caused a financial catastrophe unlike anything we’ve ever seen.”
sounds like another crisis that worked for them last time
He’s pushing for complete control now. There’s a reason he moves so fast folks.
Scary indeed. He will end up with control over everything and everybody. If we don’t stop him, that is.
I agree. If they want to get re-elected, they best stop him. Unless he also cancels all elections. Then all hell is going to break loose.
That's supposed to be the Constitution. We just need to elect the people that will follow it.
The viral greed and unacountability of these Mega Banks, with their assured attitude of heads we win and tails the taxpayer will lose gave us Obaama and the crisis to our republic he represents.
I will not waste a moment of concern on this issue.
Not One.
No, they are in control, and they right the regulations.
That they don’t know what they are doing, yet they firmly believe like World War I Generals in sending millions to die( in our case the economic trenches ) is another matter.
Ah, the joys of delivering ones liberty and rights to centralized power, which, will order you to act against your best instincts.
Now we know what it is like to be a working German stiff in the 1930’s.
Don’t you find it strange breaking news from Obama comes from overseas.
We are at a point where there is no one who will step up to the plate and represent us. REPUBLICANS GET UP OFF YOUR SORRY A##ES AND STEP UP TO THE PLATE! WE NEED TO SHUT THEM DOWN!
Not one bank should be denied care.
The very people who were instrumental in the collapse of the banking system are now the ones who want to “fix” it. This is just so preposterous. This needs to be stopped.
Just let him try, after all we are an armed society. (....Oh...oh... what am I saying)
What’s the problem, Barry? No one from the financial oligarchy is accused of any wrongdoing. These law-abiding citizens should not be subject to greater control. After all we got the real Ponzi-specialist, Madoff. /sarcasm
“It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.” - “The Law” Frederic Bastiat 1801-1850
(socialists covering their own tracks, alert!)
The big international banks are writing this bill. Folks like Jamie Dimon.
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