As president, Obama has been on Wall Street, New York, making a keynote speech on the need for regulations in the money market. Obama has important remarks on the nature of the business has been on Wall Street, to the dismay of some of the main claim and carried interest groups. In fact, many have come out strongly in opposition to his proposed state regulation in the economy. But I think what Obama said was very important if we are to prevent what happened after the collapse of Lehman Brothers last year in September. While the rules do not stop again on a recession occurs, I believe they will reduce the risk factors. Some of the things highlighted in the Presidenta? S speech, were the abnormal paid salaries for the executives, while enjoying at the same time cutting taxes. Even a high risk investment by companies and banks have loan-to much with very little interest, not self-sustaining economy negatively exposed. The President also commented on how companies and businesses have come investorsâ bonds with high amounts of money without sound asset base to act as collateral in order to stay? Money wrong. These are the reasons why the economy is in such terrible condition coupled with the high government expenditure in the fight against terrorism in Iraq and Afghanistan. Public policies should also reduce executive pay checks, while the compensating tax. This will show fairness and at the same time allowing everyone to bare the burden of taxation equally. Banks and large companies must be forced to change and include a reasonable practices and avoid high risk loans, loans and investments. This will stabilize the economy and, above all, we need help from a credit economy transition to a more economical use of the base (where cash is king,) no credit cards. I believe that President Obama is right on this.
Originally posted 2010-01-20 03:34:38.
No related posts.