WILL POWER REPORT: OBAMA ORDERS MASSIVE FINANCIAL RESTRUCTURING
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Nothing but the truth!
By Will Power
April 1, 2011 (Washington D.C.) -- In an unprecedented turnabout, President Barack Obama announced he is confiscating the excess profits of banks and brokers who profited from the recent Wall Street Crash. All the bonuses paid out will be seized and used to pay down the national debt.
Even more important, President Obama ordered oil companies and pharmaceutical companies to lower their prices by 25% , or face nationalization. The third important change was a halt to all home foreclosures, Homes which are in danger of foreclosure are ordered into arbitration and refinancing.
"The rich have had it their way long enough!" President Obama. "It's time to look out for the interest of the working poor."
The Republican response was immediate.
"This is out and out socialism! It's one thing to put federal money into the hands of bankers, who know how to spend it, and another to put it into the hands of the poor, who will spend the money recklessly."
Obama's favorable rating rose to 72% after the announcement.
Will Power is a retired history teacher and creative writing instructor.
HAPPY APRIL FOOLS’ DAY!
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According to Pulitzer
According to Pulitzer Prize-winning author Ron Suskind, the incident is of several in which Obama struggled with a divided group of advisers, a number of whom they didn't initially think about for their high-profile roles.
NEW YORK A new book offering an insider's account of the White House's response to the financial crisis says that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama calling for reconstruction of major banks. jogos de motos
Suskind interviewed over 200 people, including Obama, Geithner and other top officials for "Confidence Men: Wall Street, Washington, and The Schooling of A President," which will be released Sept. twenty. The Associated Press bought a duplicate on Thursday.
The book states Geithner and the Treasury Department ignored a March 2009 order to think about dissolving banking giant Citigroup while continuing stress tests on banks, which were burdened with poisonous mortgage assets.