Credit Finance

www.voteforchange.com I guess when Obama proves he can buck his party on some of the biggest issues of the day, including trade and involving Bill Clinton’s own legislation, the Republicans and John McCain and Sarah Palin would figure out that lying about it gets them no-where. But when you have no agenda yourself - and have a ticket that has claims Nations Security Experience is knowing about oil, and that being versed in International Relations is being able to see Alaska, you have some bigger problems than you want people to realize. John McCain is wreckless, has shown his lack of thoughtful decision making and proves every day that he lies more than George Bush lied - and that is VERY hard to do. Do you REALLY want the next 8 years to be a repeat of the lies and hidden information of the current White House. The very same administration folks involved in the Bush campaign have their fingers all over the McCain campaign - and if you think they don’t want something out of it, think again. Big oil, corporate finance and credit card lobbyists, drug companies and the like - all anti-job, low-wage freeloaders who have NO idea of what it is like to struggle in America. None. Did you know that a survey of the delegates at the Replican National Convention showed that a full 80% of them thought that George Bush was doing a good job? Does that tell you whether the Republican Party can fix this country? If you can’t see the problem and admit it, how can you fix it? Vote …

George Soros Lecture on the Global Financial Crisis, held at the Central European University in Budapest, Hungary. On November 11, George Soros, CEU Founder and Honorary Chairman, Board of Trustees, legendary financier and philanthropist, and widely-read author, held a lecture entitled Comments on the Global Financial Crisis. In his talk, Soros focused on the current international financial situation and offered his insights and predictions vis-à-vis the repercussions and evolution of the crisis many of which he had also detailed in his recent book, The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means.

Interesting point: we believe in money, which often is just virtual (since I dont really see the paper money of my paycheck, but just receive some numbers in the bank account and spend numbers at the local superstore). This brings to the invented idea, which rules our world, of Credit.

USC Annenberg’s Johnson Communication Leadership Center will host a roundtable discussion between Center director Christopher Holmes Smith and USC Trustee Suzanne Nora Johnson, former vice chairman of The Goldman Sachs Group, Inc. Recently elected to the Board of Directors at American International Group (AIG), Johnson also chairs the investment committees at the University of Southern California and the Markle Foundation. The topic: “Financial democracy and the credit panic of 2008: Exploring media’s role. Panelists include George Alexander, editor-at-large, Black Enterprise magazine; Yongheng Deng, professor and director of the doctoral program, USC School of Policy, Planning, and Development; Sandy Green, assistant professor, USC Marshall School of Business; and Kathy Kristof, syndicated personal finance columnist.

China’s State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons. Nobu Su, head of Taiwan’s TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as fast as it can. “China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a …

The United States has announced a rescue fund to help alleviate bank debt. President George Bush has pledged billions of dollars to help resolve the global credit crisis the worst since 1930s. But will it help? And how will it function?

www.danijohnson.com October 13, 2008 George Bush, Italy’s Berlusconi Pledge Decisive Financial Action Economic Turmoil Columbus Day Other Governments Working to Stabilize Markets WASHINGTON (AP) — President Bush is voicing confidence that close cooperation between the United States and other nations will help move the world past the painful financial crisis. Bush made the declaration in a joint appearance Monday at the White House with visiting Italian Premier Silvio Berlusconi. Bush said …

Max Keiser talks to Stacy Herbert about credit card companies sucking off dry the customers recorded on March 7th 2009

http://www.DaniJohnson.com

This is the report that George Bush gave this morning after the dow jones fell over 800 points this morning in early session.

President Bush on Friday encouraged the American people to have confidence in the economy during a “deeply unsettling period.”

“We can solve this crisis - and we will,” said Bush, in a speech at the White House.

Bush reiterated the recent measures taken by the Federal Reserve and Treasury Department to breathe life into the battered markets.

“Here’s what the American people need to know: The U.S. government is acting, and we will continue to act, to resolve this crisis and return stability to our markets,” he said.

Bush said that the government’s “wide range of tools” included the 0 billion bailout of the financial industry, which he said is “big enough to work.” This plan will authorize the Treasury to buy bad mortgage-related investments from finance companies, unfreezing the credit markets by freeing up banks and finance firms to lend once again.

Bush also said the government has started to take steps to help homeowners to refinance into more affordable mortgages; cut the target for the federal funds rate; unveiled a plan to support the market for commercial paper; and has offered government insurance for money market mutual funds.

In addition, he said the U.S. government is coordinating its efforts with other countries.

“This is an anxious time, but the American people can be confident in our economic future,” he said.

Since Sept. 15, the day financial giant Lehman Brothers failed, the president has commented on the nation’s financial health 27 times, either through written, radio or on-camera statements.

On Friday, Bush spoke amid another day of stomach-churning volatility in the U.S. and world markets. The Dow plunged nearly 700 points in morning trading, though it erased some of its losses shortly afterwards, as traders snatched up bargain-bin stocks.

30 September 2008