This news is enough to crash the stock market
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US Is Rushing to Get More Control Of Financial Giants
That government bailout of AIG has backfired on lawmakers and the Obama administration amid continuing revelations of fat bonuses for executives and other key employees at the company. Aid for financial firms, which started under the Bush administration last October, has been generally unpopular among taxpayers and voters.
The main street (White House) is gaining more power over wall street (US Fed). At the extreme, the US government could take control of the US Fed which is privately owned.
No more excess liquidity in the markets!!
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Originally posted by Daddy!!:
US Is Rushing to Get More Control Of Financial Giants
That government bailout of AIG has backfired on lawmakers and the Obama administration amid continuing revelations of fat bonuses for executives and other key employees at the company. Aid for financial firms, which started under the Bush administration last October, has been generally unpopular among taxpayers and voters.
The main street (White House) is gaining more power over wall street (US Fed). At the extreme, the US government could take control of the US Fed which is privately owned.
No more excess liquidity in the markets!!
I don't see why an institution that has the legal authority to print money for an entire country should even be privately owned in the first place
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Originally posted by Stevenson101:
I don't see why an institution that has the legal authority to print money for an entire country should even be privately owned in the first place
try reading the web of debt. it details the story of how this private institution came to power in the first place.
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Originally posted by maxtor:
try reading the web of debt. it details the story of how this private institution came to power in the first place.
I understand how it started, i just don't understand how the people in any country could accept the idea of giving a private entity the power that should be wield by a government.
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Originally posted by Stevenson101:
I understand how it started, i just don't understand how the people in any country could accept the idea of giving a private entity the power that should be wield by a government.
The people of the country had no choice. The government had the freedom. -
Now i understand why they want a Black president to take over the US presidency, it is going to be a hell job, unlike others presidency where the white came in with a honeymoon job on a silver plate.
And if Obama is to back off or end up with a mess, the white will claim that the Black just cannot do a proper job.
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Originally posted by sgdiehard:
The people of the country had no choice. The government had the freedom.
That is democratic, your vote mandated the govt to rule the country. -
Originally posted by Daddy!!:
US Is Rushing to Get More Control Of Financial Giants
That government bailout of AIG has backfired on lawmakers and the Obama administration amid continuing revelations of fat bonuses for executives and other key employees at the company. Aid for financial firms, which started under the Bush administration last October, has been generally unpopular among taxpayers and voters.
The main street (White House) is gaining more power over wall street (US Fed). At the extreme, the US government could take control of the US Fed which is privately owned.
No more excess liquidity in the markets!!
Back to Nationalisation. The begining of US economy start from State own organisations which later encourage privatisation, and as privatisation boom, greed creep into cheating and unethical management. -
Originally posted by angel7030:
Now i understand why they want a Black president to take over the US presidency, it is going to be a hell job, unlike others presidency where the white came in with a honeymoon job on a silver plate.
And if Obama is to back off or end up with a mess, the white will claim that the Black just cannot do a proper job.
i said before once.. they are really slave of usa
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Originally posted by youyayu:
i said before once.. they are really slave of usa
wha lau, even Obama become the slave maid for the country. Poor maid, since taking over USA household matters, he aint got any good news...tons of problems left over by the white....guess bushy is laughing all the way at some luxury resort with a few bimbos -
Originally posted by Daddy!!:
US Is Rushing to Get More Control Of Financial Giants
That government bailout of AIG has backfired on lawmakers and the Obama administration amid continuing revelations of fat bonuses for executives and other key employees at the company. Aid for financial firms, which started under the Bush administration last October, has been generally unpopular among taxpayers and voters.
The main street (White House) is gaining more power over wall street (US Fed). At the extreme, the US government could take control of the US Fed which is privately owned.
No more excess liquidity in the markets!!
1. (the stock markets might crash on stagflation) but if "Get More Control " will crash the stock market... the Chinese Stock Market should be near zero since the despots have full control of the giant banks in China.
2. You said, "No more excess liquidity in the markets!!"
Now how did you come to this conclusion based on "Get More Control "???!!!
dumb....
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Originally posted by AndrewPKYap:
1. (the stock markets might crash on stagflation) but if "Get More Control " will crash the stock market... the Chinese Stock Market should be near zero since the despots have full control of the giant banks in China.
2. You said, "No more excess liquidity in the markets!!"
Now how did you come to this conclusion based on "Get More Control "???!!!
dumb....
Medication time. -
Originally posted by angel7030:
Medication time.Right, you should keep on reminding yourself.
No IMH reference, self proclaimed ""After all, I am an Angel of God"?
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Its a right move in my opinion for the gov to step in wall street.
Afterall, wall street have proven how greed runs amok and now credit crunch is holding the world hostage.
The root problem can only be solved by having gov intervention.
Until that is done, the problem of bubble bursting can come again and again.
Obama has said, he is pro innovation and creative ideas. But i feel that for now, 1st things 1st. The dirt must be cleaned. and then the market can be healthy again.
Real growth is actually about much lesser than reported based on the info that financial sector contributed most to the growth but its 'growth' is actually paper growth only and the whole system has now basically collapsed. The growth is wiped out immediately.
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Originally posted by likedatosocan:
Its a right move in my opinion for the gov to step in wall street.
Afterall, wall street have proven how greed runs amok and now credit crunch is holding the world hostage.
The root problem can only be solved by having gov intervention.
Until that is done, the problem of bubble bursting can come again and again.
Obama has said, he is pro innovation and creative ideas. But i feel that for now, 1st things 1st. The dirt must be cleaned. and then the market can be healthy again.
Real growth is actually about much lesser than reported based on the info that financial sector contributed most to the growth but its 'growth' is actually paper growth only and the whole system has now basically collapsed. The growth is wiped out immediately.
It is like, when the construction industry is the sector growing but the rest are not, you have to ask yourself, what is all the construction going on for?
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Originally posted by AndrewPKYap:
Right, you should keep on reminding yourself.
No IMH reference, self proclaimed ""After all, I am an Angel of God"?
Sorry Uncle, due to financial crunch, your medication will be reduce so as to save cost. -
Originally posted by AndrewPKYap:
It is like, when the construction industry is the sector growing but the rest are not, you have to ask yourself, what is all the construction going on for?
build toilets, houses, hotels and offices to remain vibrant and create jobs mah -
Originally posted by angel7030:
Sorry Uncle, due to financial crunch, your medication will be reduce so as to save cost.
and I always tot u yrself is the medicine.... -
.....
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Originally posted by 4sg:
and I always tot u yrself is the medicine....
Not me, the correct prescription should be the PAP and the govt, it is them that provide my uncle the health, strength and motivation to move on in life with more challenging . Without the PAP and their govt, especially LKY, my Uncle may be bore to death.Angel of God
Specialise in Reverse pychology
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before this crisis, it was de-regulation, free markets, Alan Greenspan's pump the market with money, US Fed took the driver's seat, Banks were agents of excessive lending, excessive pay checks. Investment bankers were amongst the highest paid jobs for the MBA. All these point to excessive powers of the bankers, from government level to the ground level. Spend spend spend, buy buy buy. That's excessive liquidity in the markets, excessive profits for corporates and hence excessive valuations for stock markets.
Now, the reverse is happening at very fast speed. So fast that even the US government officials look like they are making laws on a trial and error basis. Now we have more regulation (more control of the big banks for example), more power to the White House (we hear a lot more from Obama than Ben), bankers start to lend cautiously etc. Less liquidity in the markets.
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Your conclusions are rubbish. Yes you are right when you said that they were recklessly lending... but you forget that the state is now recklessly printing money... and the US $ after a couple of days of falling, rebounded a little on friday.
The world is not ready to dump the US dollar as yet, at least not immediately and it is anyone's guess if the world can rid itself of depending on the US $ to the point of dumping the US $ when the US government prints money like there is no tomorrow.
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do you know the difference between printing of money during Greenspan era and the printing of money during Obama era?
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Originally posted by Daddy!!:
do you know the difference between printing of money during Greenspan era and the printing of money during Obama era?
Greenspan printed Green US$ and Obama printed Black US$?
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Originally posted by AndrewPKYap:
1. (the stock markets might crash on stagflation) but if "Get More Control " will crash the stock market... the Chinese Stock Market should be near zero since the despots have full control of the giant banks in China.
Trading in S shares in SGX or actual china market ?
The chinese stock is a joke .... After all the analysts saying about growth of ferrochina for more than a year , suddenly you see a big hole in less than a week.