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| Subject: Barack Obama Barack Hussein Obama II (born August 4, 1961), the 44th President of the United States. He is the first African American to hold the office, and the first president born in Hawaii. Obama previously served as the junior United States Senator from Illinois from January 2005 until he resigned after his election to the presidency in November 2008. Phony financial reform By John Schroy, on July 17th, 2010 |  2 comments  Unfortunately, instead of a ‘game-changing’ confidence-inspiring reform, the Obama administration presented the United States with the Dodd-Frank Act — a legislative miscarriage that has the potential to hold back recovery and impair the position of New York as a world financial center for decades — unless repealed or drastically amended. July 17th, 2010 | Print Article |  Email Article |  Topics: Barack Obama, Barney Frank, Chris Dodd, complexity, Corporate Governance, Derivative Strategy, dividends, Economic Recovery, efficient market hypothesis, eurosystem, executive stock options, Great Depression, Jeff Skilling, Nobel prize in economics, Pecora Commission, pension plans, rating agencies, risk, Stock Buybacks, sub-prime mortgages, US Congress | Category: Financial Market Regulator, featured | 2 comments |  Short urlFaked Reform By John Schroy, on June 27th, 2010 | 2 comments  The immediate cause of the worldwide financial Crash of 2008 was the extensive granting of sub-prime mortgages. The Dodd-Frank financial reform bill introduced in Title XII, “IMPROVING ACCESS TO MAINSTREAM FINANCIAL INSTITUTIONS”, a new, fraud-prone solution to a non-existent problem, the granting of $2,500 loans to middle and low income borrowers. In combination with other political funds, this program could be an extremely powerful tool for voter fraud. In fact, it is difficult to imagine why else it would be inserted into the Dodd-Frank Act. June 27th, 2010 | Print Article | Email Article | Topics: Barack Obama, Barney Frank, Chris Dodd, Economic Recovery, sub-prime mortgages | Category: US Politics | 2 comments | Short urlSocial change: By John Schroy, on June 25th, 2010 | 2 comments  Restricted availability of consumer credit and a greater propensity of households to save before spending, may result in less use of credit cards and smaller mortgages. A return, even partial, to saving habits of the 1950s could stimulate economic recovery. The popular Dave Ramsey radio and TV shows suggest that a societal change in this direction is at least possible. Lower levels of personal debt would boost the economy and make people happier. June 25th, 2010 | Print Article | Email Article | Topics: Baby Boomers, Barack Obama, Dave Ramsey, Democratic Party, Economic Recovery, Fannie Mae, fiscal deficit, Freddie Mac, Great Depression, Leverage, Mortgage-backed Securities, pension, pension plans, rating agencies, sub-prime mortgages, unemployment | Category: Small Investors, featured | 2 comments | Short urlFeatured articles on inside pages
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