montfreds blog

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Obama's new campaign commerical and more
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Fox News Sunday,  has announced that Barack Obama will appear on their Sunday morning talk show, this week  This really is walking into the lions den, but he  has to reach out to working-class Democrats, moderates and conservative Democrats and FOX News is a whole new audiance for him to introduce himself.  As Mark Shields wrote in his discussion about Robert Kennedy's 1968 win in Indiana: "Those of us privileged to hear that remembered passion, delivered often too...
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posted by montfred on Saturday, April 26, 2008 at 01:32 PM
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Yesterday evening, at a Town Hall event in Kokomo, IN; Barack was introduced by Joe Nelson. Joe is a Kokomo local who was recently laid off from his job at the Kokomo Sanitary Pottery plant. In this video clip, Barack discusses Joe's story, and how the loss of manufacturing jobs is affecting small towns across the country.  "The Fierce Urgency of Now" From the Herald Bulletin: Democratic presidential hopeful Barack Obama said "the fierce urgency of...
Posted in the Politics interest group.
Topics: Joe's story, Obama, economics, Kokomo, Indiana
posted by montfred on Saturday, April 26, 2008 at 09:37 AM
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Video is Obama's major economic address of March 28, 2008.  The full text is available here.  The part I've included deals with his ideas on how to revamp the federal regulatory framework dealing with our financial markets. --------- "Beyond dealing with the immediate housing crisis, it is time for the federal government to revamp the regulatory framework dealing with our financial markets. Our capital markets have helped us build the strongest economy...
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posted by montfred on Friday, April 11, 2008 at 01:34 PM
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"How can $100 or $200 billion in bad housing debts at most seemingly turn into many hundreds of billions, trillions, it's said, that now threatens the entire world financial situation with something being called the domino effect, when it's just delinquencies on home mortgages in certain parts of the United States?" That is the question that Paul Solman answers in the video, using a domino metaphor, takes the viewer step by step through how problems in the housing market spread...
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posted by montfred on Saturday, April 5, 2008 at 04:41 PM
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 I sure have been, and last night I happened onto this audio on NPR, where Michael Greenberger to explains the sub-prime mortgage crisis, credit defaults, the shaky future of other types of loans and what we can expect from the U.S. financial markets. He explains the deregulated "shadow system" of 'dark markets', terms such as complex derivates. And how we got into this mess with the  "Commodity Futures Modernization Bill" which Michael Greenberger claims...
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posted by montfred on Friday, April 4, 2008 at 12:15 PM
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