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Barack Obama to reiterate demand for tougher banking regulation
The Guardian ^ | September 14, 2009 | Graeme Wearden

Posted on 09/14/2009 4:34:49 AM PDT by myknowledge

US president to use his Lehman anniversary speech in Wall Street to call for more governance of the financial sector.

Barack Obama will mark the first anniversary of the collapse of Lehman Brothers by demanding tighter financial regulation to avoid a repeat of the crisis.

Obama will use a 30-minute speech in Wall Street today to reiterate the need for a fundamental shakeup of the banking sector, three months after he announced proposals for reform.

White House insiders indicated over the weekend that the US president will also declare victory in the battle to rescue America's banks, and explain how his government will unwind its support.

(Excerpt) Read more at guardian.co.uk ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: bhobanking; obama; regulations

BHO is nationalizing the banks, so he can control America's money supply with an iron fist.


1 posted on 09/14/2009 4:34:49 AM PDT by myknowledge
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To: myknowledge

He probably wants to put Barney Frank in charge of it.

That worked out so well before.

Another speech in new York, does this clown ever let the engines cool down on AF 1?


2 posted on 09/14/2009 5:00:30 AM PDT by Venturer
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To: myknowledge

Maybe he should start with Acorn!


3 posted on 09/14/2009 5:04:47 AM PDT by marstegreg
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To: myknowledge
Heard a clip from the One this morning.

“We did things (bailouts) to address these problems, OBVIOUSLY NOT OF MY CHOOSING>>>”

Well, Mr President, who made there decisions if not you?

4 posted on 09/14/2009 5:28:07 AM PDT by wolfcreek (http://www.youtube.com/watch?v=Lsd7DGqVSIc)
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To: myknowledge

The market will tank today in support of the Messiah’s speech.


5 posted on 09/14/2009 5:36:04 AM PDT by ncfool (Cash for Clunkers - A big failure and Obama and rats want us to trust them with our healthcare!)
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To: myknowledge

Heil 0!


6 posted on 09/14/2009 6:06:39 AM PDT by MNJohnnie (Carbon offsets? Sounds like the Environmental Church wants us to buy climate indulgences.)
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...
additional.
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7 posted on 09/14/2009 6:16:12 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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