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President Barack Obama to push banking overhaul
James Quinn in New York and Philip Aldrick
London Telegraph
Monday, Sept 14th, 2009
President Barack Obama is to call for a series of sweeping regulatory changes to the framework governing the world’s largest banks in a bid to prevent a collapse like that of Lehman Brothers.
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.
In a wide-reaching speech on the need for regulatory reform in order to avert another financial crisis he will call on the US Senate banking committee to kick-start work on these reforms as soon as possible.
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9 Responses to “President Barack Obama to push banking overhaul”
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September 14th, 2009 at 10:01 am
What’s really going on here?
The puppet obviously cannot take control of its puppet-master, so what’s he REALLY trying to do here? Theres much more going on here than what it seems and what has been reported.
http://www.rex-84.info
September 14th, 2009 at 10:46 am
Consolidation of the theft.
Everytime the man opens his mouth it’s transparent nonsensical lies. Anyone that thinks there is any actual content and reasoning towards ‘fixing anything’ doesn’t really understand what he says. It really is just nonsense.
September 14th, 2009 at 11:57 am
get your money out of the banks yo.
September 14th, 2009 at 1:41 pm
i agree maeryn asap
http://therevolutionisnow.co.uk
September 14th, 2009 at 3:10 pm
http://www.thegoodseed.com/Wha.....On%209.pdf
Do you have friends and family who just don’t get it about 911? Do you want to throw cold water in their face or just slap them and say “HEYWAKEUP!” Try this instead. Print one of these and calmly ask them to read it. You’ll be glad you did.
September 14th, 2009 at 6:16 pm
I’ve been trying to warn people for over a month now that this was coming, and I guess there’s some who have known about it even longer. I expect that when they implement this phase of the plan it’s going to be a lot scarier than they’re trying to make it sound. Here’s what I know:
The pastor of my church was told back in July, by a good friend of his who is apparently someone high in the banking industry that he needed to start stocking up food and water enough to last him at least six months, and to take enough money out of his bank account (if he could) so that he could pay his bills during that time. The reason for this was that the banks were going to go on a little holiday at some time in September, shutting their doors for a period of several months while they overhauled the entire system. During this time, this anonymous banker was told, people would only be able to draw up to $100 out of their accounts every month.
I didn’t know if I believed the story when I first heard it, but then a couple of weeks later I came across a video on youtube about this. Here’s the URL: http://www.youtube.com/watch?v=cKWwmGKwlMM
So what do you guys think? Is it really too much to fathom when such laws are already in place that say that they can round us all up and put us in prison camps for daring to dissent, or sending us to wherever labor may be needed to rebuild the infrastructure of the country? Or so out of line when states such as Massachusetts and Oklahoma start mandating that the swine flu vaccine is going to be forced on their citizens, and that people who fail to comply are going to be held in a TB facility and severely penalized for every day that they do not comply? I just wish I had the space to go on for hours about the stuff that they’ve got planned for us and why.
September 15th, 2009 at 6:13 am
this president obama hasnt done one thing right since he took office ..how does he expect us to believe this line of shit????this govt. is a circus of clowns and LIARS ALL OF THEM???DONT BELIEVE ANYTHING THEY SAY…. I DONT.
September 15th, 2009 at 6:44 am
there is a dark cloud over ne ohio today gray skies really . wonder if the pukes at lords town will scream lier or just set there and take his lying bullshit
September 15th, 2009 at 8:52 pm
check this out http://www.youtube.com/watch?v=GafSUpKZNUU
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