This news is enough to crash the stock market

Daddy!! SG

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!!

Stevenson101 SG

US Is Rushing to Get More Control Of Financial Giants

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

maxtor SG

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.

Stevenson101 SG

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.

sgdiehard SG

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.

angel7030 SG

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.

angel7030 SG

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.

angel7030 SG

US Is Rushing to Get More Control Of Financial Giants

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.

youyayu SG

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

angel7030 SG

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

AndrewPKYap SG

US Is Rushing to Get More Control Of Financial Giants

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....

angel7030 SG

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.

AndrewPKYap SG

Medication time.

Right, you should keep on reminding yourself.

No IMH reference, self proclaimed ""After all, I am an Angel of God"?

" 05 Feb `09, 6:04PM"

likedatosocan SG

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.

AndrewPKYap SG

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.

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?

angel7030 SG

Right, you should keep on reminding yourself.

No IMH reference, self proclaimed ""After all, I am an Angel of God"?

" 05 Feb `09, 6:04PM"

Sorry Uncle, due to financial crunch, your medication will be reduce so as to save cost.

angel7030 SG

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

4sg SG

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....

4sg SG

.....

angel7030 SG

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