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PAR 18:43:22 GMT - 01/21/2010  
Paroles, paroles ,paroles, rien que des mots .

Speeches , speeches , speeches , nothing but speeches.


Tok JT  18:38:31 GMT - 01/21/2010  
Maybe one-year President???


lkwd jj  18:09:12 GMT - 01/21/2010  
one term , if he doesnt get kicked out.


USA ZEUS  18:06:36 GMT - 01/21/2010  
London M 17:55 GMT January 21, 2010

You are right. 1 term. Empty rheoric, empty (broken) promises, ignoring contract law, big government, socialism, elitist, etc etc...

Should be no surprise that the guy had no specific answers to direct questions about the economy etc. I was in awe at how the world fell in love with the guy during his campaign. I guess being an orator of nothing with a fashionable wife is all the world needs to have a hero these days- deary me.

Americans are learning that to vote for one guy because you hate the exiting 2- term other guy is nothing less than "Chains you can believe in!"
To all those opposed I ask "How's that whole hopey changey thing working for ya?"


London M  17:55:48 GMT - 01/21/2010  
Zeus

I won;t start the political debate here
however I'm surprised you guys haven't had the free marketeers there yet, with their dire warnings about these dangerous socialist measures

He will be a one-term President!


USA ZEUS  17:34:04 GMT - 01/21/2010  
London M 17:09 GMT January 21, 2010

Obama has been out of order the whole time. I remember when he was trying to win easy votes during record crude prices by suggesting to the poor folks that evil speculators have caused the pain at the pump and that they should be prosecuted (persecuted?) for it.
Appeal to the ignoramuses and win the White House.


London M  17:09:01 GMT - 01/21/2010  
blimey..... Obama is getting out of order

from WSJ

U.S. President Barack Obama is proposing limits on proprietary trading at large financial institutions

Goldman Sachs Group Inc.'s (GS) pure "walled off" proprietary trading desk, in which employees are taking positions on behalf of the firm with no client involvement, is "a very, very small piece of what we do," said David Viniar, chief financial officer at Goldman Sachs.
Viniar said it is about 10% of the firm's total revenues, plus or minus a few percentage points.

Viniar, speaking on the fourth quarter earnings conference call Thursday, said those businesses have been "at the firm for decades and have been very successful. He added, "if people are focused on things that caused or were real contributors to the crisis, it wasn't trading."

The majority of what Goldman does is focused on helping clients' hedge positions and that results in the firm taking risk, he said. If the bank manages the principal risk well, it results in the firm making money, he said.


London M  17:01:03 GMT - 01/21/2010  
President Obama again took on big banks today, proposing new regulations that would restrict their size and their ability to make what he called the kinds of risky investments that led to the financial crisis.

"My resolve to reform the system is only strengthened when I see a return to old practices at some of the very (banking) firms fighting reform," Obama said at a White House event.


After the Democratic loss in the Massachusetts Senate race, Obama aides such as David Axelrod said they would emphasize fighting for "everyday Americans" against "the special interests," including banks and insurance companies.

Banking consultant Bert Ely blasted the proposal, saying the proposed rules would make it harder for U.S. firms to create the kinds of markets that can benefit all kinds of borrowers. He also noted that major firms rarely use depositor money for these kinds of trades.

"It's just the latest example of an increasingly desperate, politically failing Administration thrashing about trying to do something to rebuild voter support," Ely said.

The proposal to cut the size of banks will be added to the proposed set of new financial regulations that is already making its way through Congress.

According to a White House statement, the plan has two objectives:


1.Limit the scope of risk taking: The President and his economic team will work with Congress to ensure that no bank or financial institution that contains a bank will own, invest in or sponsor a hedge fund or a private equity fund, or proprietary trading operations unrelated to serving customers for its own profit.

2.Limit the size of banks: The President also announced a new proposal to limit the consolidation of our financial sector. The President's proposal will place broader limits on the excessive growth of the market share of liabilities at the largest financial firms, to supplement existing caps on the market share of deposits.


tokyo ginko  16:58:27 GMT - 01/21/2010  
interesting volatility within daily range, except for usd/jpy, hunting stops triggered below 90.60


London HC  16:53:37 GMT - 01/21/2010  
What spin is being put on his speech to generate this type of reaction?






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