“GLB Solutions”-Obama Outlines Biggest Reforms Since 1930’s.

June 22, 2009 - PRLog -- America [“GLB Solutions”]- President of the US Barack Obama announce his plans to have the biggest reform of the financial system since the 1930’s.

On Wednesday Obama said that he wanted to reform the system designed to “halt the cascade of mistakes…over the course of decades”.

The Obama administration have been working on the new reforms for past 6 months. They now have to take the outline and get it passed congress for approval.

“Getting the plan approved will be the hard part, congress will provide some tough opposition for Obama and his team. We expect there to be some amendments to suit the Republicans.” Explains “GLB Solutions” senior analyst

Obama is looking to reform the whole financial system from top-to-bottom. This would be a complex and lengthy task to complete. Many in the financial field are unconvinced that the whole system needs to be changed.

“GLB Solutions” spoke to a Wall Street broker where he said, “Yes the system broke down, and a little tweaking may be necessary as part of the evolution of the system. But does it need a whole makeover? It’s worked pretty well up to now.”

Senior analyst at “GLB Solutions” believes that the system does need an overhaul but it must still be free to make mistakes and develop. The financial system has been developed over decades and it is a robust and complex entity. With anything complex you will get the odd hitch here and there. The main this is to learn from mistakes and improve on them. If Obama can do this then the future of the financial system will be better for everyone”.

Some of Obama ideas will make for a better investment environment protecting the investor much better than it does now.