Obama is irritated ...

The American President Barack Obama criticized and expressed his irritation on top executives of Wall Street financial companies and stated their irresponsible behavior. The fact that about USD 18 billion were drawn as bonuses by employees last year while the financial crunch developed over US markets and were provided by a bailout from taxes paid by common people. Obama referred it as an act of shame and quoted "And part of what we're going to need is for the folks on Wall Street who are asking for help to show some restraint, and show some discipline, and show some sense of responsibility."

The New York state comptroller published a report notifying a figure of USD 18.4 billion consumed as bonuses by the top executives of Wall Street financial companies. Obama was surrounded by business leaders of Wall street and handsomely paid CEOs ,most of these personalities were the heads of giant corporations like IBM , Motorola, Xerox and Corning , Apple , Intel, etc. who get paid handsomely. The President applauded them for trying to cope up with the financial turbulence and planning for betterment unlike the heads of various financial companies of the Wall Street.

Obama went on spotting the discomfort of the public in helping out the financial sector coming out of such a self-dug hole of credit crunch due to extravagant and irresponsible lavishness of drawing bonuses. Joe Biden , the U.S Vice-President in an interview with CNBC was spotted quoting "I mean, I'd like to throw these guys in the brig," referring to such executives who had drawn enormous funds as bonuses.

As the turbulent times continue, the House of Congress has passed a USD 800 billion bailout. Obama has even proposed forming a “bad bank” which would stock funds and make them available for the worst of situations, so that the tax-payers are not burdened with emergency bailout packages. However Obama in the end addressed the top-notch executives of Wall Street and quoted "There will be time for them to make profits, and there will be time for them to get bonuses. Now is not that time."

Can Obama Bounce the Economy to boom....???

The Barack Obama Financial Express......
In October 2008 President elect Obama voted in favor of the $700 billion Emergency Economic Stabilization Act. However, he quoted , "The fact we are even here voting on a plan to rescue our economy from the greed and irresponsibility of Wall Street and Washington is an outrage."
As the Bill failed initially in the House, it made Obama to urge a return of the Bill for a negotiation. Thereby, Obama suggested an additional measure to the Bill that would stretch the limit from $100,000 to $250,000 on Federal Deposit Insurance.,
Obama verbally gave a "thumbs-up" for the Treasury Department's plan to flow in money into the Banks that were struggling to survive the crisis. However in October 2008 with reference to the implementation of the plan, Obama quoted : "implemented in a way that helps homeowners and does not enrich Wall Street CEOs at the taxpayers' expense." He even called for a 90-day moratorium on home foreclosures.
As Bear Stearns collapsed in late March,2008, Obama introduced " a six-point plan" so as to better the government's regulation of financial institutions. It was foreseen that "The Obama Plan" would provide the Federal Reserve with the absolute power over "any financial institution to which it makes credit available as lender of last resort." Obama depicted confidence that the plan would provide liquidity and capital requirement for all financial institutions and added that U.S Regulators should be streamlined to meet competition and overlap.
Obama quoted the September 2008 bailout of AIG as, " the final verdict of the failed economic policy " of the Bush administration and asked the Federal Reserve to "ensure that the plan protects the families that count on insurance ." The Federal Reserve was even urged by Obama to deny the bail out AIG's shareholders or management. Obama even addressed a letter to the Treasury Secretary Henry Paulson to disallow outgoing of CEOs Fannie Mae and Freddie Mac.
In August 2008 Obama announced an "Emergency Economic Plan" which provides a 95% tax-cut for working families and a grant of $ 2 billion in "Jobs and Growth Funds" for jobs in infrastructure.
As Obama said in the pre-election camaping "the change" is about to become.