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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (52603)	3/25/2009 10:55:44 PM
From: geode00	1 Recommendation Read Replies (5) \| Respond to of 149317

"The administration should be transparent in making clear that there is still a wealth transfer taking place here - from taxpayers to investors and banks." OK, not happening I believe. If it were, the populist sentiment would swamp the administration and the Fed. I don't get why price discovery is a big deal. There is a 'market' out there and the prices that match seller with buyer do not exist hence the sitting on hands. The entire point, I thought, of this plan is to use government give aways to bid up the price beyond the 'market' price to get sellers to sell. I am confused.

To: stockman_scott who wrote (52603)	3/26/2009 1:31:11 AM
From: ChinuSFO	1 Recommendation Read Replies (2) \| Respond to of 149317

Way to go O. =============== Sources: Extensive regulatory overhaul planned Sources: Obama admin. proposing regulation overhaul in areas blamed for financial crisis Martin Crutsinger, AP Economics Writer Thursday March 26, 2009, 12:18 am EDT WASHINGTON (AP) -- The Obama administration is proposing an extensive overhaul of financial regulations to increase oversight of such exotic instruments as credit default swaps that have been blamed for contributing to the worst financial crisis to hit the country in seven decades. ...contd at finance.yahoo.com