Yabby

The major reason Americans are disappointed with Obama is that he isn't carrying on the change he claimed he'd bring. That's the reason for his record low standings in the US polls. But you seem to know better than the vast majority of US citizens who are watching his weaknesses and failures more closely than you.
Do you read the papers in tne US Yabby? You'd know your viewpoint is an extreme one if you did.

Obama's done nothing in re-regulating the finance sector and shows absolutely no intention to do so. In the US mainstream media it is the most criticised of all his failures.

He hasn't closed gitmo and his intent to try detainees in civilian courts NY is a colossal misjudgement ... and recognised as such.

The only answer for controlling derivatives is for a ban on trading in them. You can always raise finance for mosy activities as a business but derivatives aren't about business for individuals or companies. The parcelling and trading of them is about business and profits to financial institutions and banks. Your arguments don't seem to indicate you understand that. You generalise and concentrate on how they raise money. Well wouldn't it be logical for the banks to have money to lend to individual customers before they get involved in suspect trading to raise money? doh!

Btw you haven't addressed the other failures of Obama yet.

Seems to me it's your mind that is closed ... Yabby ... as usual.

Keith, the reason some Americans are angry is because they are human
and need somebody to blame for their own failings. So rather then
admit that they overindulged, overborrowed and under earned, we
just rationalise it all away and blame it on somebody, like a prez
who bailed out those evil banks.

It was in fact the Bush regime who started the process of bailing
out banks and Obama continued it for good reasons. Had nothing been
done, the falling dominoes would have most likely caused a global
depression and most Americans would have lost their 401 pension
savings, or at least tens of millions of them.

As its turned out, most banks have repaid what they borrowed and
keep repaying. If one industry can repay what they borrowed, its
the financial industry.

Yes Obama made promises, like healthcare. He's deliverd in a short
time, where prez after prez in the past failed. He's still got
3 years to deliver on the rest, so stay tuned.

When it comes to the financial sector and its regulation, as it turns
out there are already lots of regulations, Bush and his cronies simply
did not bother to enforce them. Next you have the question of
expertise. You can't put young college grads into the SEC, expecting
them to understand or cope with what are seasoned financial gurus.

So you need rules, but you also need the will to enforce them and
the expertise that goes along with that. You likely won't find them
either, if you are offering peanuts.

*but derivatives aren't about business for individuals or companies*

Rubbish. Hedging is a form of derivative. There would hardly be
an Australian company trading with overseas, who does not hedge.

Until you honestly address the issues I've raised I'm not bothering with you any more. It's pointless talking with you.

You're just another of those dwindling number of pigheaded idiots who comes up with dishonest excuses for every one of Obama's stuff ups or who is intent on ignoring the obvious.

See you Yabby, keep that head locked away from reality now won't you ... it might explode if given full rein.

Aha, so its back to name calling, when Keith trips up over the
hedging question, as he has clearly not done his homework.

So thats another notch on my score sheet, for Keith's bad
judgement :)

Keith, you are making a big mistake in underestimating Obama,
but so learn the hard way, as you did at election time.

'So thats another notch on my score sheet,...'

Gee and I thought we were having a discussion not a competition.

Just goes to show my judgement must be bad, to have expected you to discuss with decency rather than to undertake a discussion with an eye on the 'worm' eh Yabby.

http://www.smh.com.au/opinion/politics/how-obama-moved-in-for-the-kill-20100329-r85u.html

There you go Keith. That is how primitive the republicans got
during the healthcare debate. Sarah and her savages.