The Guardian UK - Last night Barack Obama defended his administration's response to the financial crisis, but the reality is that a year on from Lehmans' collapse, it has failed to take adequate steps to restrict institutions' size, their risk-taking, and their interconnectedness. Indeed, it has allowed the big banks to become even bigger - just as it has failed to stem the flow of profligate executive bonuses. Obama's call on Wall Street yesterday to support "the most ambitious overhaul of the financial system since the Great Depression" is welcome - but the devil, as ever, will be in the detail. Read more.
As Bernie Sanders continues to increase his standing in the Democratic primary, and his opponents in both parties feel the pain, there is an effort to paint him as an extremist of some sort. Someone who might even lose to...read more.