The Mike Anderson Site Blog » Financial Crises http://themikeandersonsite.com/blog              Is Obama "The Chosen One" or just another "Great Pretender" Mon, 30 Jan 2012 19:41:12 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Is This The Change We Were Promised? http://themikeandersonsite.com/blog/obamas-promised-changes/ http://themikeandersonsite.com/blog/obamas-promised-changes/#comments Thu, 06 Nov 2008 15:27:10 +0000 admin http://themikeandersonsite.com/blog/?p=691 President-Elect Obama has made the appointment of his Treasury Secretary his top priority.
Here are some of the names in the hat:

- Warren Buffett – very successful financial trader
- Sheila Barr – chairperson of the Federal Deposit Insurance Corporation. (active in trying to stop home foreclosures by banks)
- Timothy Geithner – New York Federal Reserve President.(involved in rescue of Bear Stearns and AIG, involved in failure to save Lehman Bros.)
- Jon Corzine – New Jersey Governor (former Goldman Sachs CEO, former US Senator)
- Robert Rubin – former Treasury Secretary (has stated he is not interested)
- Lawrence Summers – former Treasury Secretary
-Henry Paulson – current Treasury Secretary (has stated he is not interested)
How many big changes do you see in this list?

With looming additional financial crises and the disposition of the $700,000,000,000 bailout with our money – it is no wonder this is a priority. It is also an opportunity. His choice will be an indication of things to come. The World Economic Summit will be held November 14 and 15 makes this appointment even more pressing.

Indications of the future are great. World Conferences are important. But what is interesting to me is the actual mechanism for the bailout.

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