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While speaking in Kansas Obama said, “Banks should be working to keep responsible homeowners in their homes”. This statement does not have enough punch. The banks have never shown any strong desire to help the troubled house owners unless under duress; they will not change. They pocket more by foreclosing rather than modifying loans.

Federal agencies are continuing to hold takes with attorneys general of states to reach settlement with the banks regarding foreclosure abuses. The market is meanwhile riddled with underwater mortgages worth $700 billion. The possibility of banks being able to continue with abuses has not been looked in to. The public is in an angry mood. Against this background it would be prudent of Obama to seek a meticulous inquiry by the federal government.

Meanwhile another way that foreclosure can be prevented is to step up politician pressure without ceasing, for write downs of principals, increasing refinancing for those saddled with ARMs and granting forbearance for those house owners who are unemployed.

Obama stated that banks are resisting the reform agenda of Dodd-Frank “every inch of the way”. But what is Obama doing to fight back?  A satisfactory beginning would be if he told the public about whether law has the capability to perform as is laid out. Is the president confident that a big bank on the brink of collapse can be properly dismantled? Is he confident that risky trading by banks will be a thing of the past? If he is not sure about the working of the law he should see that implementation is bettered; otherwise he should see to the overhauling of the statute.

Personally Obama should put forward particular provisions of the Dodd-Frank reforms. The Republicans are hell bent to destroy the newly set up Consumer Financial Protection Bureau. Obama should see that his nominee, Richard Cordray, heads the bureau despite the hurdles put up by the Republicans. He should also see to rules relating to disclosure that the payment made to top executives is in proportion to what is given to the general employees. These disclosures are pivotal to changing the norms of the corporate world that have till now allowed for huge gaps in payment scales.

Above all tax reform is vitally important – the lavish breaks in taxes have to be reversed.

Obama has to go ahead with his plans for spending despite budget constraints.

In other words for Obama the mantra today is more jobs, less foreclosures and progressive taxes to bring back life to the middle class.

Source: http://www.articlesbase.com/finance-articles/the-possibility-of-banks-being-able-to-continue-with-foreclosure-related-abuses-has-not-been-looked-in-to-5727797.html

The clink of money in bear hunts, charities, veterans and politicians? Yes – the unfolding of the drama will link up the chain of events. Out of the pile of dead bear hides will emerge Joe the Plumber of American television politics without the comic touch. He has never been known for his philanthropy. The point is that good worlds are props for entering Congress which Joe or Joseph Wurzelbacher is now trying to do. The ex-plumber won fame by confronting Obama when he was campaigning for the president’s crown. Today he is hitting the campaign trail to grab an Ohio seat, preying on campaign donations.

In 2008 at Tyonek the focus was on charity rather than illegal killing of animals or poaching. Undoubtedly few disabled veterans benefited greatly from having got the chance to savour the Alaskan wilderness and kill bears. But after four years, events led to the raising of uncomfortable questions about how charities function in America’s 49^th state – Alaska. It seems that the guests and business units could have benefited much more in comparison to the injured veterans.

In 2008 Corey Rossi took some outsiders to kill bears. It cost his much coveted job as the director of Alaska’s wildlife. Across the waters of Cook Inlet in the nondescript village  of Tyonek there was plenty going on. It is difficult to sort out the happenings because people are either not talking or evading questions.

There is no doubt however that an interesting group gathered here to come to some sort of an understanding to be of help to a charity or many charities to hunt bears. The motives behind these killings remain unclear but the general idea is that shooting the bears would be a healing balm on the soldiers returning from the trauma of wars in distant Afghanistan and Iraq.

Rossi and his buddies were linked with a body named Sportsmen for Fish and Wildlife. The plan was to reduce the number of bears around the human settlement comprising of 180 people. The belief of SFW was that by bringing down the number of bears would enable the entry of more moose for man to kill and eat. Moose meat is a treat for Alaskans.

Tyonke Native Corporation did not waste time in jumping into the business of killing bears and prop up the local economy by making it a pilgrimage for unfortunate disabled hunters. A promoter from Texas, Doug Warren soon nosed in. He had long been connected with PVA (Paralyzed Veterans of America) that had got rating stars as a charitable organization. Warren loved Alaska and loved Veterans and loved hunting. This sets the profit ball rolling.

Source: http://www.articlesbase.com/finance-articles/the-clink-of-money-in-bear-hunts-moose-charities-veterans-celebrities-and-politicians-5710115.html

AP – Concerns over Wall Street practices and economic inequality that have led to sit-ins and rallies in New York and elsewhere reverberated up to the White House on Thursday, with President Barack Obama saying the protesters are expressing the frustrations of the American public.

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AP – Asian stock markets opened without enthusiasm Friday after Wall Street reacted negatively to Federal Reserve Chairman Ben Bernanke’s failure to offer specific measures to support the ailing U.S. economy.

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Reuters – Stocks were slightly lower by early afternoon on Thursday as investors awaited a speech by Federal Reserve Chairman Ben Bernanke and one by U.S. President Barack Obama later in the day.

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AP – Asian stock markets struggled for direction Thursday as uncertainty about the health of the global economy kept investor enthusiasm in check ahead of President Barack Obama’s jobs speech.

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AP – Asian stock markets jumped Monday after President Barack Obama announced a last-minute agreement to raise the government’s debt limit and avoid a default.

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Reuters – President Barack Obama plans to nominate Daniel Gallagher as a commissioner at the Securities and Exchange Commission, the White House said on Wednesday.

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