Firmly in charge of much of the domestic car industry, Obama effectively fired the CEO of General Motors. He threatens to fire still more executives in the parts of the financial services industry currently under the management, direction or control of Uncle Sam -- that eminent, well-regarded banker.
Obama blames the financial crisis on "greed" and the "lack of regulatory oversight." Funny thing about greed. Celebrated investor-turned-Obama-supporter/adviser Warren Buffett says, "Be fearful when others are greedy, and be greedy when others are fearful." Apparently, some practice good greed, while others engage in greedy greed. As for regulation, the SEC already heavily regulates most of the troubled financial institutions. The world's largest insurer, AIG, operated under heavy regulation.
The government-sponsored entities Freddie Mac and Fannie Mae -- blamed for irresponsibly buying, packaging, and selling bad mortgages -- are regulated by a government agency, called the Office of Federal Housing Enterprise Oversight. Its sole responsibility is to oversee those two agencies. OFHEO, shortly before the government takeover of Freddie and Fannie, gave them two thumbs up.
Hello, does this worry anyone?
To be continued.....
Our Story
three boys and four girls, we are the "real brothers and sisters!" California raised children, we are the products of the two most interesting people, cathy and dave warner. although all of us were raised the same, we have 7 completely different personalities. our lives are filled with challenge, joy, romance, divorce, chaos, failures, success, and parenthood. we are american life today.
sean the oldest is the leader and true example. he and robin have been married for 20 years and have 6 amazing kids. living in arizona has made their lives a little easier and fun. surviving the fire of his business, he is slowly building his company back to what it was.
jared is an amazing musician and drafsman. married to an only child, heather, they share 2 boys and 2 girls. jared has been working on keeping his marriage alive, and providing the support his family needs, while continuing to have some fun!
loyalty to his work and family have made christian successful in life. his wife dori is the love of his life and they also share 2 boys and 2 girls. living the american dream is their success.
danielle the first girl has been treated like royalty her whole life only to be humble about it now. 34 year old mother of 5 , she is a compulsive house decorator, constanly changing what she likes and wants. luckily her ever so patient husband jon loves her for it.
divorced for 8 years whitney has struggled with the religion she grew up knowing. she has lived in hollywood, studied in milan, and is working on starting a fashion business of her own. she's looking to settle down again and start a family.
ashley the quiet one, sometimes feels like an outsider, but is anything but. she is very loyal to those she loves and was blessed with the biggest heart ever. Divorced for a year now she is loving dating and finding herself again.
jillian the baby has had it good her whole life. she and todd have a 4 year old girl and almost 2 year old little boy. she is a talented interior designer and has the most amazing style. she has had to take a step back in life while her husband attends law school.
sean the oldest is the leader and true example. he and robin have been married for 20 years and have 6 amazing kids. living in arizona has made their lives a little easier and fun. surviving the fire of his business, he is slowly building his company back to what it was.
jared is an amazing musician and drafsman. married to an only child, heather, they share 2 boys and 2 girls. jared has been working on keeping his marriage alive, and providing the support his family needs, while continuing to have some fun!
loyalty to his work and family have made christian successful in life. his wife dori is the love of his life and they also share 2 boys and 2 girls. living the american dream is their success.
danielle the first girl has been treated like royalty her whole life only to be humble about it now. 34 year old mother of 5 , she is a compulsive house decorator, constanly changing what she likes and wants. luckily her ever so patient husband jon loves her for it.
divorced for 8 years whitney has struggled with the religion she grew up knowing. she has lived in hollywood, studied in milan, and is working on starting a fashion business of her own. she's looking to settle down again and start a family.
ashley the quiet one, sometimes feels like an outsider, but is anything but. she is very loyal to those she loves and was blessed with the biggest heart ever. Divorced for a year now she is loving dating and finding herself again.
jillian the baby has had it good her whole life. she and todd have a 4 year old girl and almost 2 year old little boy. she is a talented interior designer and has the most amazing style. she has had to take a step back in life while her husband attends law school.
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