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President Barack Obama cautions Wall Street to proceed at own risk

Source: Chicago Tribune

New York City : NY : USA | 2 months ago

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The canard that President Barack Obama is a socialist may still get lots of talk on wacko cable and radio, but Obama's speech on Wall Street Monday made it clear he intends an aggressively free-market approach to preventing another financial crisis. The essence of capitalism is that rewards...

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The number of US bank failures this year has topped more than 100 after US federal regulators shut down a trio of small Florida banks. Bank failures have cost the Federal Deposit Insurance Corporation (FDIC) fund that insures deposits an estimated $25bn this year. More US banks have now failed this year than in any year since 1992. The ...

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The fall of the Berlin wall 20 years later: Lessons not learned!

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Peter DeFazio: President Obama is Being Failed by His Economic Team

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News Stories

Nomi Prins: "Obama Banking Too Much On Banks"

News Source: Democracy Now | 2 months ago

Obama Banking Too Much On Banks” President Obama visited Wall Street Monday to promote a regulatory overhaul of the U.S. financial system. The visit came on the one-year anniversary of the collapse of the investment bank Lehman Brothers.
Learning lessons

News Source: BBC | 2 months ago

Lehman's old headquarters building on Seventh Avenue in New York has undergone a makeover since that Sunday evening twelve months ago when I stood there among the crowds on the sidewalk watching employees pack their bags and leave. There's a new name...
President Barack Obama cautions Wall Street to proceed at own risk

News Source: Chicago Tribune | 2 months ago

The canard that President Barack Obama is a socialist may still get lots of talk on wacko cable and radio, but Obama's speech on Wall Street Monday made it clear he intends an aggressively free-market approach to preventing another financial crisis.
Barclays Capital boss's £7.4m bonus would be reduced under payout reforms

News Source: Guardian Unlimited | 2 months ago

Diamond pocketed the bonus as part of a £17.5m payout that made him the best-paid board director of a British bank. His 2008 pay takes him close to £80m in the last four years, with another huge payout in prospect this year, despite a sharp fall in...