Thank you, President Obama!

[Truthmatters]

Obama Plans Fast Action to Tighten Financial Rules - NYTimes.com


Aides said they would propose new federal standards for mortgage brokers who issued many unsuitable loans and are largely regulated by state officials. They are considering proposals to have the S.E.C. become more involved in supervising the underwriting standards of securities that are backed by mortgages.

The administration is also preparing to require that derivatives like credit default swaps, a type of insurance against loan defaults that were at the center of the financial meltdown last year, be traded through a central clearinghouse and possibly on one or more exchanges. That would make it significantly easier for regulators to supervise their use.

 

[Warrior102]

Obama Plans Fast Action to Tighten Financial Rules - NYTimes.com


Aides said they would propose new federal standards for mortgage brokers who issued many unsuitable loans and are largely regulated by state officials. They are considering proposals to have the S.E.C. become more involved in supervising the underwriting standards of securities that are backed by mortgages.

The administration is also preparing to require that derivatives like credit default swaps, a type of insurance against loan defaults that were at the center of the financial meltdown last year, be traded through a central clearinghouse and possibly on one or more exchanges. That would make it significantly easier for regulators to supervise their use.

Gallup: Obama job approval weakest since Carter | Campaign 2012 | Washington Examiner

 

[Truthmatters]

you are not a very bright person are you?

 

[Warrior102]

Gallup: Obama job approval weakest since Carter | Campaign 2012 | Washington Examiner

 

[CrusaderFrank]

LOL, some of you people are just priceless.

Finally some good economic news, and you just have to find a way to shit all over it.

Well, you're definitely consistent, at least.

Yes, Prof Backwards, 3 people giving up on finding work for every new hire certainly is good news.

 

[CrusaderFrank]

Obama Plans Fast Action to Tighten Financial Rules - NYTimes.com


Aides said they would propose new federal standards for mortgage brokers who issued many unsuitable loans and are largely regulated by state officials. They are considering proposals to have the S.E.C. become more involved in supervising the underwriting standards of securities that are backed by mortgages.

The administration is also preparing to require that derivatives like credit default swaps, a type of insurance against loan defaults that were at the center of the financial meltdown last year, be traded through a central clearinghouse and possibly on one or more exchanges. That would make it significantly easier for regulators to supervise their use.

The Gubbamint did such a great job with Fannie and Freddie its only right for them to get further involved. What could possibly go wrong?

 

[Truthmatters]

there were no broker rules for the banks after GLBact passed because the Bush SEc refused to impliment them.

That means they got to say what a broker did without anyone looking over their shoulder.

That is how we got so many sub prime.

they could roll the sub prime loans into previously secure securities without anyone being the wiser and then sell them for profit.

It had nothing to do with freddy and fanny

 

[Truthmatters]

LACK of Oversite by the governmnet caused this mess

 

[CrusaderFrank]

LACK of Oversite by the governmnet caused this mess

Have you ever heard of FNMA?

 

[The T]

WARNING!!!

Anyone who claims these unemployment figures are false is a counter-revolutionary and enemy of the people; i.e., a domestic terrorist.

As was announced earlier this week by Dear Leader, the Regime has the right to exercise executive power and assassinate any terrorist - citizen or not, or US soil or not - without trial, indictment or formal charges.

REPORT SUSPECTED COUNTER-REVOLUTIONARIES TO THE DEPT. OF HOMELAND SECURITY

-OR-

[ame=http://www.youtube.com/watch?v=-XYKRokgX00]Attack Watch Commercial - YouTube[/ame]​

 

[The T]

LACK of Oversite by the governmnet caused this mess

"lack of Oversite? Is that a new websight Gracie?

 

[Chris]

GDP has been growing since 2009.

The stock market has doubled since 2009.

Americans net worth is up $9 trillion dollars since 2009.

Americans paid off $1 trillion dollars of personal debt in the last few years.

We are leaving Iraq, which will save us billions.

We are leaving Afghanistan in 2014, which will save us billions.

Auto sales are up 13.9%,

Pending home sales are up 10%,

Retail sales are up 16%

Unemployment is down to 8.6%

The deficit problem has been solved with the expiration of the Bush tax cuts and the automatic spending cuts in 2013.

Bin Laden and Gaddafi are dead.

And it's all Obama's fault!

 

[Intense]

[ame=http://www.youtube.com/watch?v=_MGT_cSi7Rs]Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis - YouTube[/ame]
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam

 

[Old Rocks]

Small businesses and startups that were skittish about the economy this summer started hiring in bigger numbers this fall, helping drive the unemployment rate down to 8.6 percent in November, the lowest in two and a half years.

The country added 120,000 jobs last month, the Labor Department said Friday. The economy has generated 100,000 or more jobs five months in a row — the first time that has happened since April 2006, long before the Great Recession set in.

“Something good is stirring in the U.S. economy,” Ian Shepherdson, an economist at High Frequency Economics, said in a note to clients.

The unemployment report, one of the most closely watched economic indicators, showed that September and October were stronger months than first estimated. For four months in a row, the government has revised job growth figures higher.

Unemployment rate falls to 8.6 percent, lowest in 2½ years, as hiring improves - The Washington Post

Ah, but if Americans go back to work and the economy improves, people might re-elect our President. So these people are cheering for unemployment for Americans. And their Representatives are doing everything they can to increase the rate of unemployment.

The GOP, the party that wants a real Depression for us all.

 

[Cammmpbell]

LACK of Oversite by the governmnet caused this mess

Right on. The Wall St. banks slowly but surely continued to give bonuses for those who could sell the most worthless mortgages and when property values dropped in California the house of cards fell. Anybody who used a property value increase of 6% per year to perpituity was either blind, stupid or greedy. I'll let others figure out which it was.

 

[Zander]

If the the labor force participation rate were back at its January 2009 level, the U-3 rate would be 11.0 percent.

WOO HOO!!! Obama is great!!

 

[Sundial]

Republican logic:

1. Everything bad that happens is government's fault.
2. If something bad happens: See #1.

 

[likeabird03]

Are you people nuts? 350,000 people gave up on looking for work, put that against the crummy 120,000 jobs that were added and real unemployment has actually increased.

 

[jimmyjam]

Screwed up letting women and negroes vote - for real. Good thing Abe's not running!

 

[Chris]

If the the labor force participation rate were back at its January 2009 level, the U-3 rate would be 11.0 percent.

WOO HOO!!! Obama is great!!

Auto sales are up 13.9%.
Pending home sales are up 10%.
Retail sales are up 16%.
Unemployment is down to 8.6%.
Americans net worth is up $9 trillion dollars since 2009.
The stock market has doubled since 2009.
Bin Laden and Gaddafi are dead.

Obama is great.