Baby Steps Into the White House Barack Obama 
Like a good potential actions that could lead to profits and dividends, Americans trust Barack Obama and the president elected on his promise of "change". In exchange, investors typically buy on the rumor and selling on facts. This rule applies even elected president. Barack Obama begins to fall on its promise of change.
He's not a fiery orator impeccable. It is intermittent, evasive, confused and disillusioned. Instead of adopting the changes he had promised, he follows the same path beaten, as his predecessors on the court guards former Clinton administration for his new cabinet. It seems that Bill Clinton is having a major influence on Barack Obama. Will he be the agent of Bill Clinton, the way George W. Bush was for his father's mentor, former president George Bush Henry?
Change? What change? Obama starts to ask the question while facing the harsh reality. Obama, you had a good trip into space so far. Now, facing hostility at home to change. Welcome to this planet.
From everything we hear and see his statements in the press and, it seems to start surprising. It seems it was during the campaign tour on the economic front by Rupert Rubin, former Treasury Secretary, now Citigroup, which is the most dangerous man around the United States.
Rubin was destructive large. It disrupted and ultimately destroyed the Glass Steagall Act, 1933, when the Clinton administration. Bill 1930 then separate banking, insurance and securities for the common good. When Citigroup took over Travelers Group, he legalized the killing of the old law.
If this law has survived, you would not see the current crisis in the banking, investment banking and insurance world. Almost all these troubled banks are involved in the rival bank, insurance and securities. Nobody knows who controls whom. SEC would consider banking job EDF, EDF consider derivatives as a task of the SEC and the SEC will consider the default job bank FDIC. It eventually turns out to be of use to anyone.
Rubin has created the web of accountability not a specialization of its parent company - Goldman Sachs. Paulson, also from the same company, he recently completed, while seeking $ 700 million in the Senate on one condition - he would not be responsible or required to disclose. Irresponsibility has grown - from a few billion to 700 billion dollars and Bernanke has perfected with Massive $ 2,000 billion or $ 2 billion. When Bloomberg asked for details, the Fed did not even bother to respond. Now, Bloomberg is filing a lawsuit under the Freedom of Information Act.
Even the husky voiced Senator Barney Frank has expressed dissatisfaction with the use (or misuse and abuse) of $ 350 billion has evaporated in less than 30 days. fire in California, Barney, California wild fire!
President Bush has not plussed. In 8 years, he knew that three things - Iraq (Saddam Hussein), 911 (Twin Towers) and Afghanistan (Osama bin Laden). In its quest for Middle East and Afghanistan, he forgot the map of the United States. Then he terrorized the Middle East with Patriot missiles, its finance team or band, Paulson and Bernanke, terrorized the nation, senators, the Senate President and the American people.
LTCM (which lost a million billion in derivatives, formally $ 4 billion that its equity) has been secretly encouraged by Rubin with remote control. He organized the rescue when both inevitable were to decide in open session. In the same way, it created Enron to manipulate oil p.
Posted on April 29, 2010.