I like the excerpt below. Obama gives a speech on reeling in Wall Street and the markets are not phased. What would that indicate?
Reuters: Wall Street gains as merger activity lifts mood
U.S. President Barack Obama, speaking in New York one year after Lehman Brothers' collapse sent world markets into a tailspin, called on financial firms not to fight regulatory reform, but there was little market reaction.
2 comments:
Did anyone catch Tim Geitner's performance last night on Cable TV? He basically said he had absolutely no choice but to save Wall st. the way he did. BULLSHIT!
Did not see him. I always saw Geithner as just another insider. Hard to imagine him working on alternative solutions to anything.
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