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Change we can't believe in

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Secretary of State Hillary Rodham Clinton speaks at Peterson ...

IMAGEs DU JOUR/TODAY'S PICTURE


U.S. Secretary of State Hillary Rodham Clinton, foreground, loses her shoe as she is greeted by French President Nicolas Sarkozy on the steps of the Elysee palace upon her arrival Friday, Jan. 29, 2010, in Paris. Clinton flew to Paris on Friday for talks with French officials and to give a speech on European security. (AP Photo/Christophe Ena)
Secretary of State Hillary Rodham Clinton, foreground, loses her shoe as she is greeted by French President Nicolas Sarkozy on the steps of the Elysee palace upon her arrival Friday, Jan. 29, 2010, in Paris. Clinton flew to Paris on Friday for talks with French officials and to give a speech on European security.(AP Photo/Christophe Ena)




U.S. Secretary of State Hillary Clinton disembarks from her ...

U.S. Secretary of State Hillary Clinton disembarks from her ...


. Secretary of State Hillary Clinton disembarks from her plane as she arrives at Stansted Airport in Stansted, England, Wednesday, Jan. 27, 2010. Clinton arrived in Britain ahead of a major conference on Afghanistan, scheduled for Jan. 28, which will be co-hosted by British Prime Minister Gordon Brown, Afghan President Karzai and United Nations Secretary-General Ban Ki-moon.(AP Photo/Matt Dunham)




U.S. Secretary of State Hillary Clinton speaks as British Foreign ...

Secretary of State Hillary Clinton speaks as British Foreign Secretary David Miliband looks on during a news conference at the Department of State in Washington January 21, 2010. Major powers are united in working toward pressuring Iran over its nuclear program, Clinton said on Thursday, despite many signals that China is reluctant to impose more sanctions.REUTERS/Hyungwon Kang (UNITED STATES -






Former U.S. President Bill Clinton shakes hands with a woman ...

Former U.S. President Bill Clinton shakes hands with a woman in the crowd as he walks down to the court for a special appearance held to raise aid for the Haiti relief effort during half time of the NBA basketball game between the New York Knicks and Los Angeles Lakers at Madison Square Garden in New York January 22, 2010.REUTERS/Jessica Rinaldi (UNITED STATES - Tags: SPORT BASKETBALL POLITICS)




US Secretary of State Hillary Clinton(R) speaks during a press ...

 Secretary of State Hillary Clinton(R) speaks during a press conference with EU Foreign Affairs chief Catherine Ashton in the Treaty Room of the State Department in Washington, DC. Clinton said Thursday the international community is "unified in its resolve" to put pressure on Iran over its disputed nuclear program, and will not back down.(AFP/Mandel Ngan)


Scott Brown Nude Picture in Cosmo

Massachusetts Senator-elect Scott Brown is seen here posing semi-naked for Cosmo in 1982.
I can understand why women voted for him !


Scott Brown posant presque nu pour le magazine Cosmo en 1982...

Je comprends pourquoi les femmes ont voté pour lui !


Massachusetts State Sen. Scott Brown, R-Wrentham, holds up a ...

Massachusetts State Sen. Scott Brown, R-Wrentham, holds up a copy of the Boston Herald as celebrates in Boston, Tuesday, Jan. 19, 2010, after winning a special election held to fill the U.S. Senate seat left vacant by the death of Sen. Edward Kennedy. Brown defeated Massachusetts Attorney General Martha Coakley, a Democrat, and Joseph L. Kennedy, a Libertarian running as an independent and not related to the late Sen. Kennedy.(AP Photo/Charles Krupa)


Former president and U.N. special envoy for Haiti Bill Clinton, ...

Former president and U.N. special envoy for Haiti Bill Clinton, second from left, shakes hands with soldiers of the Joint Task Force-Haiti in Port-au-Prince, Monday, Jan. 18, 2010. Clinton promised that his foundation would provide medicine and a generator to the capital's General Hospital in order to doctors there can work through the night. At left, Clinton's daughter Chelsea Clinton.(AP Photo/Lynne Sladky)

Former president and U.N. special envoy for Haiti Bill Clinton, ...

Former president and U.N. special envoy for Haiti Bill Clinton, right, unloads supplies while touring the General Hospital in Port-au-Prince, Haiti Monday, Jan. 18, 2010. Clinton has joined former President George W. Bush in leading a campaign for donations to help the country recover from the powerful earthquake that hit it last week. (AP Photo/Lynne Sladky



Former U.S. President Bill Clinton (C) helps unload a cargo ...


Former U.S. President Bill Clinton (C) helps unload a cargo plane at Port-au-Prince airport in Haiti January 18, 2010.REUTERS/Hans Deryk (HAITI - Tags: DISASTER ENVIRONMENT)

Secretary of State Hillary Clinton (L) speaks beside Haiti President ...


Secretary of State Hillary Clinton (L) speaks beside Haiti President Rene Preval (R) during her visit to Port-au-Prince January 16, 2010. REUTERS/Eduardo Munoz








US Secretary of State Hillary Clinton, pictured on January 13, ...

US Secretary of State Hillary Clinton, pictured on January 13, flew to Haiti on Saturday highlighting an urgent bid to clear logistics hurdles and find creative ways to deliver aid to quake-hit Haitians.(AFP/File/Mandel Ngan)





President Barack Obama shakes hands with President Bill Clinton, ...

From L: Former US President George W. Bush and Bill Clinton ...



From L: Former US President George W. Bush and Bill Clinton stand as US President Barack Obama speaks about relief efforts following the earthquake in Haiti during a statement in the Rose Garden of the White House in Washington, DC. Obama issued a joint pledge with Clinton and Bush that the US "stands united" with the Haitian people following this week's devastating earthquake.(AFP/Saul Loeb)






Secretary of State Hillary Rodham Clinton, talks with Egyptian ...

Secretary of State Hillary Rodham Clinton, talks with Egyptian Foreign Minister Ahmed Ali Aboul Gheit, Friday, Jan. 8, 2010, at the State Department in Washington.(AP Photo/Alex Brandon)

US Secretary of State Hillary Clinton speaks on January 6. The ...

Secretary of State Hillary Clinton speaks on January 6. The United States on Thursday announced a flurry of high-level talks aimed at restarting Palestinian-Israeli peace talks, which a top US envoy says should yield a settlement within two years.
(AFP/Getty Images/File/Mark Wilson)

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Vendredi 22 janvier 5 22 /01 /Jan 20:53



It's very funny to see what Obama has decided to answer to all the voters in Massachusetts who slapped him in the face (and to all the Americans who are currently rejecting them), two days ago.


Have a look at this :

Obama proposed on Thursday to curb banks’ size and risk-taking, sending shares in major institutions down.

Senior officials and lawmakers involved in regulatory policymaking at a global and European level said they had been kept in the dark about the plans.


President Barack Obama speaks during a town hall style meeting ...

President Barack Obama speaks during a town hall style meeting at Lorain County Community College in Elyria, Ohio, Friday, Jan. 22, 2010.(AP Photo/Mark Duncan)






 U.S. President Barack Obama’s plans to rein in banks puts Europe on the back foot and creates confusion over global efforts to coordinate financial regulation, lawyer and regulatory officials said on Friday.

The G20 group of leading countries agreed last year in Pittsburgh at a summit hosted by Obama to coordinate their regulatory response to the financial crisis through the Financial Stability Board.

“Everybody was coordinating their work through the G20, the Financial Stability Board and the Basel Committee. The global process is not getting out of control but there is a little bit of that. Many in Europe were surprised yesterday,” an official involved in the global regulation process said.

 

“We saw the UK push ahead on its own with its own liquidity rules and now we have this from the United States. Nobody knows the details or whether other countries may follow. This is creating regulatory confusion,” the official said.

Markets are spooked partially because of the speed at which Obama has made his announcement without warning to Europe or Asia or providing adequate detail, legal and regulatory experts said.

Swiss-based FSB, which is due to come out with proposals in October on how to tackle banks whose failure would destabilise the financial system, said on Friday the U.S. move would not pre-empt the board’s timetable.

Politicians in France, Britain and Germany cautiously welcomed the U.S. plans as a way to cut banking risk but it was by no means clear they were willing to go as far as Obama.

“This is outside the global structure that has been put in place because of domestic political pressure,” the official said, in reference to the political setback Obama’s Democrats suffered this week in the Massachusetts Senate election.

Europe looked left out again on a major policy initiative after it was sidelined last month at the Copenhagen climate change conference when the United States and China thrashed out a deal, leaving the EU sidelined.

Incoming EU financial services commissioner, Michel Barnier, told the European Parliament last week the G20 accord would be his roadmap for new rules. The European Commission had no comment on Friday.

STEP CHANGE

Obama’s initiative represents a step change from the G20 blueprint by going well beyond ramping up capital charges on banking activities such as trading.

“We were a little surprised but you have to move on,” said Peter Skinner, a British centre-left member of the EU assembly who quizzed Barnier at a hearing in parliament last week.

“I welcome this. Ideally better coordination would have been asked for but this does not harm the global response. We in Europe should start to take a leaf out of Obama’s book. Europe is now forced to play a similar card,” Skinner said.

Obama’s move need not derail the G20 roadmap, lawyers said.

“But it does alter the dynamic. It puts Europe in a crossroads situation. They have a choice to make,” said Michael McKee of law firm DLA Piper.

Regulatory officials are waiting to see how Obama’s plan will be fleshed out and whether it still has teeth if Congress gives the nod.

“If the United States did go down this route but Europe and the G20 did not follow, it would be very, very difficult for a U.S. government to allow non-U.S. banks to continue to operate in the United States,” said Simon Gleeson, a lawyer specialising in financial services at Clifford Chance.

“Thus if the EU or the G20 doesn’t follow on we could be looking at a serious financial services trade war,” Gleeson said.

It will difficult defining the border between deposit taking and trading activities in Europe where the universal banking model is prevalent, lawyers said.

“European markets have a greater need for the liquidity that flows from the universal bank model because our equity markets are less developed,” DLA Piper’s McKee said.

Adair Turner, chairman of Britain’s Financial Services Authority, has argued that a clear line cannot be drawn and that bumping up capital charges on risky activities like trading was the best route — a step global regulators have already taken and comes into effect from January 2011.

“The U.S. proposals are interesting options aiming to address the issues, without going as far as full separation based on a legal definition of activities being undertaken by a firm,” the FSA said on Friday.

Many banks in Europe were already pulling back from proprietary trading due to lower profitability and looming punitive capital charges, lawyers said.

The key question for Europe was whether it will satisfy itself with a separation of activities within banking groups between commercial and investment banking activities or break them up completely, Clifford Chance’s Gleeson said.

“Obama seems to want to go all the way towards a complete break-up, and this move must make it more likely that Europe and the G20 will follow this line,” Gleeson said. (Reporting by Huw Jones, editing by Mike Peacock) ((Reuters)

 








So, how would you call this ?

Smoke and Mirrors !


This is no real reform of the banking system.
This won't do anything to fight against the "toxic assets", which are at the origin of the first financial crisis, and which are still currently infesting the system.

Obama is only trying to divert attention, after the spectacular failure of his own Party in Massachusetts.
He was fed up with hearing in the media that this was a vote of defiance against him, so he only tried to change the subject.

So he proposed this pseudo reform, like a magic trick...







But the problem is today...
Americans no longer believe him...



 

Par frenchpuma - Communauté : American Dreams
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Jeudi 21 janvier 4 21 /01 /Jan 18:07



















Par frenchpuma
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Mercredi 20 janvier 3 20 /01 /Jan 10:45
Obama and Democrats' fiasco in Massachusetts...










Obama, one year after...


Par frenchpuma
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Mercredi 20 janvier 3 20 /01 /Jan 10:42

Version française en desous  French version below

Republican Senator-elect Scott Brown holds up a copy of the ...


Republican Senator-elect Scott Brown holds up a copy of the Boston Herald announcing his victory as he celebrates with his wife Gail Huff (L) after defeating Democrat Martha Coakley in the Senate race to replace the the late Senator Ted Kennedy at Brown's victory rally in Boston January 19, 2010. Brown won a bitter U.S. Senate race in Massachusetts on Tuesday, dealing a sharp blow to President Barack Obama's legislative agenda and casting doubt on the fate of his sweeping healthcare overhaul. REUTERS/Brian Snyder



This is Mister O.'s inauguration anniversary...
And on that special day, Massachusetts has chosen to offer him a present.


http://europumas.over-blog.com/pages/republicans-take-ted-kennedy-s-seat-in-massachusetts-in-historic-upset-2408273.html

A historical electoral defeat for Democrats, which also means they have lost their majority in the Senate.


Democrat candidate, Massachusetts Attorney General Martha Coakley ...

Democrat candidate, Massachusetts Attorney General Martha Coakley concedes after losing a special election in Boston, Tuesday, Jan. 19, 2010, held to fill the U.S. Senate seat left vacant by the death of Sen. Edward Kennedy. Massachusetts State. Sen. Scott Brown, R-Wrentham, was elected defeating Coakley and Joseph L. Kennedy, a Libertarian running as an independent and not related to the late Sen. Kennedy.(AP Photo/Steven Senne)




Something nobody could have imagined ! Ted Kennedy's seat !

Kennedy, the traitor...



Something unseen since 1972 ! Boston turning Republican !



So this morning, I've got only one word to say :
CONGRATULATIONS to Massachusetts voters.
They have understood what sort of a fraud this man is for America.



Hurrah for Scott Brown !
Let's celebrate with him what is probably the beginning of the end for Mister O. !



Republican U.S. Senator-elect Scott Brown hugs his wife Gail ...


Republican U.S. Senator-elect Scott Brown hugs his wife Gail Huff after defeating Democrat Martha Coakley in the U.S. Senate race to replace the late U.S. Senator Ted Kennedy at Brown's victory rally in Boston January 19, 2010.REUTERS/Brian Snyder (UNITED STATES - Tags: POLITICS ELECTIONS

Par frenchpuma - Communauté : American Dreams
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Mercredi 20 janvier 3 20 /01 /Jan 10:15




Republican Senator-elect Scott Brown holds up a copy of the ...


Republican Senator-elect Scott Brown holds up a copy of the Boston Herald announcing his victory as he celebrates with his wife Gail Huff (L) after defeating Democrat Martha Coakley in the Senate race to replace the the late Senator Ted Kennedy at Brown's victory rally in Boston January 19, 2010. Brown won a bitter U.S. Senate race in Massachusetts on Tuesday, dealing a sharp blow to President Barack Obama's legislative agenda and casting doubt on the fate of his sweeping healthcare overhaul. REUTERS/Brian Snyder



En ce 20 janvier, date de l'anniversaire de l'arrivée des Obama à la Maison Blanche, le Massachusetts a choisi d'offrir un superbe cadeau à Obama :

http://europumas.over-blog.com/pages/un-camouflet-pour-obama-2408070.html

Une défaite électorale historique qui signifie la perte pour les Démocrates de leur majorité au Sénat.

Democrat candidate, Massachusetts Attorney General Martha Coakley ...

Democrat candidate, Massachusetts Attorney General Martha Coakley concedes after losing a special election in Boston, Tuesday, Jan. 19, 2010, held to fill the U.S. Senate seat left vacant by the death of Sen. Edward Kennedy. Massachusetts State. Sen. Scott Brown, R-Wrentham, was elected defeating Coakley and Joseph L. Kennedy, a Libertarian running as an independent and not related to the late Sen. Kennedy.(AP Photo/Steven Senne)




Inimaginable... Le siège de Ted Kennedy !

Kennedy, le traitre...


Du jamais vu depuis 1972 ! Boston, virant Républicaine !

Ce matin, un seul mot :
BRAVO aux électeurs de cet Etat. Ils ont très vite compris quelle imposture cet homme représente pour l'Amérique.

Vive Scott Brown !
Et célébrons avec lui cette victoire qui marque sans conteste le début de la fin pour Mister O. !

Republican U.S. Senator-elect Scott Brown hugs his wife Gail ...


Republican U.S. Senator-elect Scott Brown hugs his wife Gail Huff after defeating Democrat Martha Coakley in the U.S. Senate race to replace the late U.S. Senator Ted Kennedy at Brown's victory rally in Boston January 19, 2010.REUTERS/Brian Snyder (UNITED STATES - Tags: POLITICS ELECTIONS

Par frenchpuma - Communauté : USA
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