Jan 22

Barack Obama made a proposal about tighter bank restriction yesterday, aiming to stabilize the financial market. Now let’s see how America response to his nation-widely discussed proposal today.
Financial institutions have been experiencing a huge decline in stock price since then, especially Citigroup, which lost 26.35% a single day. Experts believe that people have over-reacted with the proposal. People do not need to be panic, after all it is just a proposal and it still has a long way to go to be written into law. What’s more, such a timely regulation is just what America need.
As I mentioned in my last paper, they believe that the high-risk investment commercial banks has made is using the taxpayers’ money to engage into reckless speculation. That is irresponsible for the taxpayers who save their money in the bank, putting the savings from the taxpayers and even the whole society in danger to pursue their own profit. As the banks went into crisis, it, in turn, uses the money from taxpayers again to survive. That’s unfair for the savers. What’s more, if the commercial banks keep on doing so, they may drive the American Economy into an abyss again.
However, the negative side regard the proposal as another trick played by Obama Administration’s to win popularity.
Obama Administration is suffering from the largest decline in support rate after his first year in White house in American history. His stimulus plan has not reached its expectation, and American Economy still has mo positive signal heading to recovery. Obama is trying to ease those ordinary people by cutting the profit of an industry which originally caused the crisis.
The core dispute is that his proposal has not reached the core of the creation of crisis. The crisis was not caused by the high-risk financial actions of the commercial banks, but mostly the bad house loans they made and the churning transactions made by investment banks. Punishing a system you want to heal, however, the punishment would not cure the root cause of trouble; it is not hard to understand why this proposal is highly criticized.
No matter what, it is obvious that Obama’s proposal has tremendously affected not only the banks but the whole society. Theories could only judged by truth. Let’s wait and see what is going on?


1月22日

昨天奥巴马提出来一项通过限制银行功能及操作范围稳定金融市场的提案。 现在让我们看看美国社会对这件事的反应。
自从提案公布的一刹那起，金融组织的股价便开始了巨大的下跌， 尤以花旗为甚，连续两天先后下跌2.635%和3.67%。专家认为这是股民关于提案的过度反应。 人民不需要对于这项提案过于惊慌，毕竟它还只是提案。提案要被写进法律还得经过很复杂的过程。 更何况，这一及时的措施正是美国所需要的。
支持者认为，银行用的是纳税人的钱在进行高风险的鲁莽投机。银行家为了自己的利益把纳税人的钱用来进行风投，以至于拿整个社会来冒险的是对储户不负责任的行为。而当银行出现危机时，他们反过来又靠纳税人的钱度过了危机。这对储户是不公平的。而且，如果继续听之任之，他们的做法将把美国经济再次拖入深渊。
然而，反对者也有自己的想法。争议的焦点在于这项改革并没有触及危机产生的核心问题。经济危机的根源不是商业银行的高风险投资，而是他们贷款中的坏账以及投行的不规范操作。当你惩罚你想要治愈的体系，而你的惩罚却不涉及根本问题时，我们不难想象，为什么会有如此多的人批评这项提案。
我个人认为，这更像是奥巴马为了争取支持率玩的又一个花招。他的所有主意听起来都很不错，但起到效果却往往很一般。在刚刚结束的奥巴马元年里，他经历了美国历史上最大的信任度滑坡。他的经济刺激计划没有起到预想的效果，美国的经济仍然没有复苏的迹象。这一切都让人们不安，急躁。奥巴马试图通过这项打压次贷危机元凶的提案稳定人心。
无论如何，奥巴马的提案已经对美国银行以及整个社会造成了巨大的影响。实践是检验真理的唯一标准。让我们静待事情的发展吧。