25 People Who Will Affect Your Finances in 2009

From CEOs to politicians, these are the folks who will move markets

By Kirk Shinkle

Posted: February 5, 2009

10) Sheila Bair. By arguing that the federal government should do more to modify troubled loans--and then introducing a program that would do so--Bair, who heads the Federal Deposit Insurance Corp., has emerged as a leading figure in the high-profile battle against foreclosures.

11) Kenneth Lewis. For now, Bank of America CEO Kenneth Lewis remains in charge of the consumer-banking giant. After losing face following unexpected losses from the $21 billion emergency acquisition of Merrill Lynch, he's fighting to restore the bank's profitability--and his reputation.

12) Jamie Dimon. The J.P. Morgan Chase head is either the smartest guy on Wall Street,  or just the luckiest. He got the deal of the century by picking up Bear Stearns and Washington Mutual, deals which makes Morgan, by some measures, America's biggest bank. Now all he has to do is rebuild destroyed shareholder value at a time when a slow economy and tighter regulation could make banking a far less profit-friendly business.

13) Vikram Pandit. Citigroup's beleaguered CEO has a tough year ahead (if he manages to keep his job). The looming questions: What's to be done with a $306 billion portfolio of troubled mortgages and other assets? And will the bank weather mounting credit card losses and consumer defaults?

14) Jim Cramer. Love him or hate him, the former hedge-fund manager turned "Mad Money" host on CNBC still has a voice that out-booms all others when it comes to stock picking. Lately, his manic antics have included scathing attacks on asleep-at-the-switch regulators and tossing his hat into the ring for the job of chairman of the Securities and Exchange Commission.

15) Prince Alwaleed bin Talal. The billionaire Saudi investor has had a rocky go since his firm, Kingdom Holding Co., went public on the Saudi stock exchange in 2007. A huge stake in Citigroup went south last year, sending Kingdom shares down 62 percent. Alwaleed's personal net worth slumped to an estimated $17 billion, down from $21 billion in 2007.

16) Eric Schmidt. The Google CEO is forging ahead despite a wavering stock price on the strength of a 60 percent-plus market share in Internet searches and the accompanying highly profitable ads. He's also behind new moves into coming battles in the browser and smart-phone wars.  

17) Meredith Whitney. Oppenheimer's outspoken banking analyst has become the closest thing to a household name in the research world, thanks to gutsy but accurate forecasts of financial trauma. Her bearish calls made her one of the most prescient figures on Wall Street and influential enough to make blue-chips tank and CEOs tremble.

18) Steve Jobs. It's hard to think of any company more tied to the personality of its leader than Apple. It's not surprising, given Jobs' role as the architect behind runaway successes including the iPod, iTunes, and iPhone. A swooning share price amid rumors regarding his future at the company shows Wall Street still believes Apple's fate rests on the man who made Mac.

We have no Capitalism anymore in USA - it's So Monopolism now

During past 10-15 years of "global economic" reform and "free trade" our Feds and financial clans have been successfully working on conversion of our system into monopolistic body with socialistic engine. They wanted to give birth to an ugly mutant and they did it. I call the new system Mastrubism, or you give it your name. It's partly socialism due to high spending on people at the bottom and free huge money for selected by government leading giants/companies in their industries. This reminds me Soviet Union/USSR a lot. We used to have full government control of all industries starting with manufacturing, then distribution to warehouses and ending with large government controlled chains of small and large stores/retailers. That basically what's going on now slowly but surely here in USA. Government taking over large giants by borrowing them fresh printed money which costs government almost nothing. This is hidden type of step-by-step privatization of these formerly privately own chains. This is why government was demolishing our normal capitalistic economy starting from 1970 by almost uncontrolled import of import cars and other products and making local manufacturers go out of business. It started with manufacturers, then professionals such as programmers and engineers in 2000 and up. Then the most deadly hit was introducing and empowering by credits and patronage "small business killer chains" like Walmart, Kmart, HomeDepot, Lowe's, Staples, Target, BestBuy, Sears, Marshals, Liquidator, Ikea, etc. They all say to us "Save More, Live Better" or "More Saving, More Doing". Oh yes! However what they not telling us, that we eventually will close most of our small businesses operated by us, our family members, friends, neighbors, etc. Who will benefit from buying from these stores? Mostly people in need who are on government assistance, people with stable jobs with stable companies, government employees, and similar individuals. If you have more money then you can spend per month you will survive without going to this kind of large stores which are basically working for government now. The goal here is to socialize the retail industry by slowly and surely killing small independent retailers with "price beating"/ "wholesale to public" concepts and tools. Who is wining here? Nobody, but government and its direct investors/clans. What it does to our Capitalism and USA market? It kills it. The first rule of Capitalism is to protect small businesses and local manufacturers from monopolists in their industries. There are has to be no blood sucking giants, if we want to preserve healthy capitalism and its creative spirit. Government was created to protect small businesses from giant monopolies and uncontrolled imports. It failed to do so and sold its soul to clans. Every smart and talented small business owner knows that it's impossible to fight a wholesale to public giant, and most of businesses give up to fight or just not being given new births anymore.

AC of NY @ Jul 19, 2009 04:26:07 AM

Czzcilda

92X2RI

Czzcilda of AR @ Jul 15, 2009 10:55:14 AM

Kflgiaio

RdJwNm

Kflgiaio of WV @ Jul 14, 2009 07:10:16 AM

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