Friday, January 22, 2010

Obama Hammers Global Banking Industry

FT.com / US / Politics & Foreign policy - Obama hammers Wall Street banks

The global banking industry was thrown into turmoil on Thursday by after President Barack Obama, responding to losing the election in Massachusetts public rage over the financial crisis, proposed the most far-reaching overhaul of Wall Street since the 1930s.
Throw the global banking industry into turmoil. Why would he want to do that?

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