Skip to main content

All Talk - No walk: Obama's Wall Street Flop

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.

Comments

Popular posts from this blog

Comcast and NBC's Real Diversity Issues

The Huffington Post - At last month's house hearing on the proposed Comcast-NBC takeover, execs from both companies shamefully acknowledged their diversity problems. Comcast CEO Brian Roberts sheepishly divulged that his company's board of directors includes only one woman and one person of color, and NBC's Jeff Zucker confessed that the network has no Black programming. Read more.

Pennsylvania man bulldozed to death for growing 10 marijuana plants

Getting caught growing a few pot plants in Pennsylvania could lead to a criminal charge and a likely sentence of probation, but for a Lehigh Valley man, it was a death sentence. This past Monday, 51-year-old Gregory A. Longenecker was found dead under a bulldozer operated by a state Game Commission worker and carrying a state trooper hunting for two men spotted near a freshly-discovered marijuana grow.  Read more.