{"id":22,"date":"2009-09-14T02:18:00","date_gmt":"2009-09-14T10:18:00","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=22"},"modified":"2009-09-14T02:18:00","modified_gmt":"2009-09-14T10:18:00","slug":"after-no-millionaire-left-behind-went-splat","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2009\/09\/14\/after-no-millionaire-left-behind-went-splat\/","title":{"rendered":"After No Millionaire Left Behind Went Splat!"},"content":{"rendered":"

\"No<\/a> One year ago today Lehman Brothers failed, marking the beginning of an economic collapse brought  on by by the Republican policies of socialism for the rich only and free enterprise for the poor.  They shifted wealth from the poor and middle classes into millionaire\u2019s pockets.  They deregulated financial markets and did not enforce those few regulations that remained allowing the greediest executives to abuse the system for their own gain until the bubble burst.<\/p>\n

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US President Barack Obama is poised to call on Congress to approve an overhaul of the US regulatory regime.<\/strong><\/font><\/p>\n

In a speech to mark one year since the collapse of Lehman Brothers bank, he will also mount a vigorous defence of his administration’s economic policies. <\/font><\/p>\n

The US president will focus on "the need to take the next series of steps" in regulatory reform, White House spokesman Robert Gibbs said. <\/font><\/p>\n

Mr Obama’s team have argued that they staved off a second Great Depression. <\/font><\/p>\n

Mr Obama will give his speech at 1210 local time (1610 GMT) in New York, at Federal Hall on Wall Street, where George Washington was inaugurated as the first US president… [emphasis original<\/em>]<\/font><\/p>\n<\/blockquote>\n

Inserted from <BBC<\/a>><\/p>\n

In my opinion, we need to reform the following areas:<\/p>\n