Financial Reform Bill

The Financial Reform Bill is a step toward a corrective action which we all take in order to establish better regulatory system which would prevent future economic and financial scams and manipulation which we are facing.



Even though some would see a hopeful sign, after real understanding financial, economical, and geopolitical history of money manipulation of the global affairs using the United States, it is evident that we are seeing another financial and political drama decoy while financial markets are defrauding trillions out of Treasuries around the world? This can be seen accumulating national debts around the world -- the scam of the mega money for centuries. Financial market bubble/burst is one of tools which the G-20 plays controlled by the big money.

The House approved a legislative package of historic sweeping financial reforms Friday, but the vote in the Democratically-controlled chamber was closer than many had predicted.

The 1,300-page "Wall Street Reform and Consumer Protection Act" was approved by a 223-202 margin, meaning more than a few of the 262 Democrats in the House joined Republicans in opposing the landmark legislation.

• The bill would create an inter-agency council to police systemic risk in the economy, crack down on hedge funds and credit rating agencies, set up a financial consumer watchdog agency, and expose Federal Reserve monetary policy to unprecedented congressional scrutiny, among other reforms.
  http://www.cnbc.com/id/34392810

• The House bill, which passed 223-202, would grant the government new powers to split up companies that threaten the economy, create an agency to oversee consumer banking transactions and shine a light into shadow financial markets that have escaped federal oversight.

  Obama is seeking swift approval in the Senate "because we should never again find ourselves in the position in which our only choices are bailing out banks or letting our economy collapse."

  No House Republicans voted for the bill, and 27 Democrats voted against it. Opponents argue that the broad legislation overreaches and would institutionalize bailouts for the financial industry.
  http://www.google.com/hostednews/ap/article/ALeqM5iYtNL5lW4aWyBZwwcea4m0jzJCgAD9CHQGPG1
  

http://www.cnn.com/video/#/video/showbiz/2009/12/11/nat.nobel.peace.prize.concert.cnn

Global bubble/crash

Stop the spendholic nonsense -- aka stimulus
What is wrong with some of people who are nothing but being a sucker using national debt going on spending spree after literally stealing bllions and trillions, i.e. Brown remark. The spending debt habit is like a drug addict - hence, appropriately in that regard G20 financial mafia. In order to stop the nonsense, all around the globe, we must demand drug tests on all.

• US Markets Bracing for Selloff On Worries About Dubai's Debt

  US markets are bracing for a shakeup Friday after investors fled risk assets globally on concerns about Dubai's debt rescheduling. Gold to Bust Like '08 Oil: Charts There is 50% Chance of Double Dip: Strategist 09:40PM Metals Stocks: Gold prices climb above $1,190 on Globex 09:20PM UK's Brown to push bank bailout plan at summit 08:41PM Fujii Says Japan May Contact U.S., Europe After Yen's Jump to 14-Year High 08:38PM Ports Hope for Prosperous Holidays 08:33PM Abu Dhabi Commercial Bank May Have Most Dubai World Loans at $1.9 Billion 08:22PM HSBC Returns to Its Roots in Hong Kong 07:58PM Online Retail Battle Heats Up 07:40PM Fujii Says He'll Contact U.S., Europe on Currencies If Needed as Yen Jumps 07:39PM Treasuries Surge, Set for Third Weekly Gain, on Dubai Debt, Stock Slump

The similar news is expected even though not sure exactly where and how, but it is a good news because sooner or later we need a market correction and sooner is better.

• • • Dubai Struggles to Ease Debt Fears; Investors Rattled

      Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a centre for investment and a source of capital. Half of Banks' Losses May Be Hidden: IMF

    • US Companies Already Moving on Cutting Emissions
    • China Unveils Carbon Target Ahead of Copenhagen
    • Fannie Mae to Tighten Lending Standards: Report
    • Black Friday to Avoid Red Ink; Greenback Gets the Blues
    • Investing in Good Karma – and Making a Profit
    • Retailers Should Believe in Christmas Miracles
    • Wal-Mart Price Pressure Hurts China Workers: Report
    • Bankruptcies Jump, Hitting Highest Level in Four Years
    • Steepest Black Friday Discounts, Revealed

• • Where Do Pardoned Turkeys Go?

  • US Mint to Suspend American Eagle Gold 1-Ounce Coins
  • Share Trading on London Stock Exchange Resumes
  • Judge Erases Couple's $525,000 Mortgage Payment

Market confidence

>> re Prince Alwaleed Urges US to Sell Citi Stake: (((~~~ Obviously, many around the world knows that financial markets are operated by massive collusion and deception as we have seen that the Fed Bernanke and financial mafiat has literally defrauded billions and trillions from US debt to pump markets dragging up. The bottomline is that 1% owns over 90% wealth around the world and the wealth disparity has widened during the last decade. ~~~)))))


Prince Alwaleed bin Talal, a big investor in Citigroup, urged the U.S. government to sell its stake in the bank as soon as this year to boost investor confidence, Emerging Markets magazine reported. http://www.cnbc.com/id/33162400/

REALITY ~ Credit Crisis Visualized

R.E. bubble/bust can't be fixed in a couple of years or pumping up financial markets. The world economy was bubbled up for decades and the big American consumers over spent for decades. The problems which we are facing can't be fixed in a couple of years or with liquidity pump.

American spending habit supported the world financial growth during the last decades, but now, the many American consumers are facing the detrimental exhaustion of their wealth turned into massive debt.

Spending trillions of debt money into system without genuine production and job growth, it is just suger-coated medication which will not cure the economic crisis which we are facing. It is not surprising that we are facing economic crisis, but in fact, the crisis was expected. What else can you expect after consuming decades and overspending.

American hunger may bring genuine growth in the future?

________________________________________________________________

Since the video made, G20 is pumping financial markets; however, the fundamental economic cycles have to go through. Just pumping up financial markets with more liquidity will only go so far.


UK on the verge of Bankruptcy February 21, 2009

http://www.youtube.com/watch?v=xcXZ7CORvlU

REALITY ~ Credit Crisis Visualized

http://www.youtube.com/watch?v=RvrU_cQDwRw

http://www.youtube.com/watch?v=38BmwOSmzsc

Fickle Market Sentiment

Market sentiment is extremely fickle - from pessimism to optimism in a two week period.

With the recent market hype, markets rallied 25%; and, with the debt spending, some are continuing to hype more actually thinking that markets have made a bottom looking for another 25% with a breakout: fast pump and dump. To upside or to downside, market bandwagons who are bubbling up or crashing markets. Economy and markets need longer to wear off economic cycles, and so far, I haven't heard any genuine economic growth for US except debt spending and green energy development. Obama NWO plan is detrimental, just lowering Americans' living standard and putting US to venerable position. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36852823 14899

SPX 800 +/- pivot


REALITY ~ Credit Crisis Visualized


http://www.youtube.com/watch?v=RvrU_cQDwRw

http://www.youtube.com/watch?v=38BmwOSmzsc

Americans are eaten alive

Market Psychology: President hell-tribulation on earth ~ re: Dorn: Prepare for the Revulsion Stage

Almighty Mr President/Paulson/Greenspan brought down hell-on-earth since 2000.

And the world hedge funds became rich taking wealth off of Americans' savings, home equities, and now debt.

The world big funds are whipping and eating Americans alive.

Americans are going through tribulations after tribulations ~~>> suffering great deal by the big world money eating US alive.

Wild Wild West Financial System

No more Wild Wild West Financial System: We need to abolish free financial market system if we are not going to have adequate RULES AND REGULATIONS.

It is like wild wild west, like going out to street at night where gangs rob people on the streets. And you can't find any police.

Our markets had wild wild west where many have been robbed.

WE NEED BETTER RULES AND REGULATIONS!

Market rally after unfreezing liquidity

Global markets are rallying after G7, G20 meetings over the weekend.

Money market rates eased on Monday after Europe's central banks said they would lend commercial banks as much U.S. dollar funding as they need.

In the latest joint bid to thaw frozen money markets the U.S. Federal Reserve, the European Central Bank, the Bank of England and the Swiss National Bank also scrapped their existing dollar auction systems and replaced them with a new fixed rate system.

One World Finance

re: Berlusconi Says Leaders May Close World's Markets

After stealing many Americans' wealth, now they have the all the money, not much money left to invest. Let's face the facts, Americans are in debt, 401k stolen, retiring Baby-boomers, broken young traders, many overseas investments, etc. after the recent big robbery scam.

They have stolen the wealth of entire world from many around the world.