New regulations for the US financial system

[Guest guest]

Dear friends,

 

The Sun and Jupiter are the general indicators of finance. The Sun represents the authority of the state and the confidence it instills, while Jupiter represents the growth enhancing nature (expansion) of extending credit. The Sun would also represent the rules that give the confidence.

 

With transit 6th lord Jupiter separating from natal 2nd lord Sun and the MEP of the 7th house in the SAMVA USA chart, and transit Sun strong in the 9th house, the US government has today presented new regulation to guide the recovery of the financial system and prevent a repeat of the major failiures of the system in recent years.

 

Administration unveils financial system overhaul

AP - Thu Mar 26, 11:21 am ET

WASHINGTON – The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds.

 

 

 

Treasury Secretary Timothy Geithner told lawmakers that the changes are needed to fix the flaws exposed by the current financial crisis, the worst to hit the country in seven decades.

The goal is to repair a system that has proven "too unstable and fragile," he said.

"Over the past 18 months, we have faced the most severe global financial crisis in generations," Geithner said in testimony to the House Financial Services Committee. "To address this will require comprehensive reform. Not modest repairs at the margin, but new rules of the game."

http://news./s/ap/20090326/ap_on_go_ca_st_pe/financial_regulation

 

Best wishes,

 

Thor