9/24/2009

Obama's speech in UN on corporate excesses

This is the gist of what Obama said at the UN on corporate excesses, cheats and corruptions in high places. 'And that means setting new rules of the road and strengthening regulation for all financial centres, so that we put an end to the greed, excess and abuse that led us into disaster, and prevent a crisis like this from ever happening again.' We have been copying corporate America like a little twin. Would we continue to copy America and start to tighten our regulations, or we are in such a comfortable position that we can sail along as it is? Maybe we can. We don't have that kind of excesses and corruption in the scale of corporate America. We don't have bankers paying themselves hundreds of millions. We don't have banks and insurance companies going down. We don't have a housing crisis. I think we are doing very well. Carry on.

4 comments:

Anonymous said...

President Obama can expect the American Whites to rise against him soon.

The Whites has voted him to be the President, the Whites can also rise against the Same President when their interests are affected by the Latter.

There should be chaos in the politics of the US of A.

patriot

redbean said...

i think the SOP will be to hire a black to shoot him. just kidding. his enemies are the bankers and the 'bought' senators and congressmen who are all sharing the loot.

Anonymous said...

All the posturing, threats, warnings are for the public consumption, not going to make a difference to the corporate world. They will find their way to neutralise those regulations. Trust them.

The believe in greed can do wonders to men.

Anonymous said...

Redbean Sir:

kiddings aside, shoot to kill is a traditional American(cowboy) Culture. It happened to a few US Presidents, it can recur.

Or rather,

expect it to happen(again).

patriot