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Daily Archives: January 21, 2010
What the Backlash Over Bonuses and AIG's Bailout Says About America
“With big banks revealing massive 2009 bonuses, Fed chairman Ben Bernanke now supporting a “full review” of AIG's bailout, and Treasury Secretary Tim Geithner due to testify on the same, this is shaping up to be a watershed month in … Continue reading
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Obama announces the "Volcker rule".
This afternoon Obama called for new restrictions on the “size and scope” of financial institutions. In what some are calling “Glass-Steagall Light” Obama proposed a “Volcker rule” that places restrictions on banks' ability to “invest in or sponsor a hedge … Continue reading
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Paul Volcker Prevails? Stay tuned…
Tiny Tim and companyThe Democrat oust in Massachusetts yesterday has apparently spurred the Obama administration to serious control proposals for the banks this morning. At last? We shall see. I do want to hope that Obama can find the strength … Continue reading
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