Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Financial stability board welcomes Obama bank plan »
ZURICH (Reuters) – The Financial Stability Board (FSB), charged by the G20 to coordinate national regulation in response to the financial crisis, on Saturday welcomed U.S. proposals to limit banks’ size and trading activities.
The proposals are among a range of options the board is considering as its addresses the risk of banks being “too [...]
Big bank shares hammered after Obama proposal (AP) »
plummeting Thursday.
, Obama vowed to fight big banks with tougher regulations that he believes would head off the cascading failures that required billions in bailout funds for
.
He wants new rules that would restrict banks in the use of depositor money and also limit how big financial institutions can become.
“The market certainly [...]
Obama threatens fight with banks on new risk rules »
WASHINGTON (Reuters) – President Barack Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling.
Obama, a Democrat who is struggling to advance his agenda after a key election loss this week, laid out rules to restrict some banks’ most lucrative operations, [...]
Obama proposes bank fee, slams Wall Street »
Obama proposes bank fee, slams Wall Street
WASHINGTON (Reuters) – President Barack Obama on Thursday proposed Wall Street banks pay up to $117 billion to reimburse taxpayers for the financial bailout, as he slammed bankers for their “massive profits and obscene bonuses.”
Striking a populist tone, Obama called for a fee on the biggest U.S. [...]