obama-wont-save-us

Obama won't save us

If he does, he won't be re-elected. There are too many financial problems for one man, even a US president, to solve.
January 21, 2009
On Tuesday night President Barack Obama gave, yet again, an upbeat, awe-inspiring speech about a new beginning. You've no doubt read the text or at least heard the sound bites.

But what does it mean to the financial world Precious little.

Full disclosure here. I voted for Obama. And if you read my story the day after he was elected, you would know I'm deeply happy, if mildly surprised, that he is the US president. I want nothing more than to see him succeed.

But I donÆt hold my breath. Let's start with the financial world. On the day of the inauguration, Bank of America, the biggest US lender by assets, watched its stock drop...
¬ Haymarket Media Limited. All rights reserved.

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