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Sunday, January 25, 2009

Barack Obama, The New President of the US


As everybody knows, there is a new president in office.... BARACK OBAMA!!! Well, as I was doing research, I came across a article called: "Obama's Fast Action on Financial Regulation: Report". This article talks about how Obama plans to fix the countries financial regulatory system. They plan on doing this by making the mortgage brokers, credit raging regencies, and, hedge funds more harsher. In the following quote it shows how the people want to delete the conflicts about interest at credit rating :"...officials want rules that would eliminate conflicts of interest at credit rating agencies that gave top investment grades to the ultimately shaky financial instruments that have been one source of market turmoil".
After I read this article I really had some comments and questions. My first on this that a lot of people are going through hard times and with the economy at the worst point ever they should give it a try if it will help the economy. I also have a question about one of the terms in this articles: what does hedge funds mean?". Another question I would like to ask is when this plan would be put into play.All in all, I would like to see the outcome of this plan.
As my interest grew I decided to read another article. This one was called: "Stocks eye Obama, Fed, earnings". This one talks about how the statement of the Federal Open Market Committee's will be heard by investors and they will try to use that to help Wall Street. It also says that a recovery package in Washington worth of $825 billion will be observed. Michael Sheldon has said: "For investors, a lot is riding on the upcoming stimulus plans,".
I have a lot of comments and questions on this article too. I really believe in the quote Michael Sheldon has said because our new president has a lot to fix.IAlso wonder about how long it will take until the economical crisis is better. Well until then we Will just have to wait. I mostly wonder about what Obama will do first as president.
Resources: http://news.yahoo.com/s/nm/20090124/bs_nm/us_column_stocks_outlook_2
http://news.yahoo.com/s/nm/20090125/pl_nm/us_obama_regulations_report

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