Tag: Financial Crisis
America Losing Faith In Capitalism
A survey of various countries found that American support for capitalism has dropped 20% in 2 years from 80% to 59%.
This Is What Winning Does
Passing a health care reform bill has given Democrats more confidence. In fact, passing the bill has stopped the bleeding in the polls and has started to re-energize the Democratic base. Already the conversation changed from hapless, divided Democrats to crazy, divided Republicans. The media is talking about an extremely accomplished 1-year president and passing a financial reform package will cement that view.
Senator Kaufman Takes On Wall Street
Senator Kaufman is delivering a speech today in favor or financial reform. All I can say is wow, you go Ted! Mr. President, last Thursday, the bankruptcy examiner for Lehman Brothers Holdings Inc. released a 2,200 page report about the demise of the firm which included riveting detail on the firm’s accounting practices. That report […]
Obama To Deal With “Too Big Too Fail”
This is a good move. I feel a lot of resentment against these banks that put our economy on the brink of collapse and then reward their executives for getting taxpayer money. The president, for the first time, will throw his weight behind an approach long championed by Paul A. Volcker, former chairman of the […]
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