Bloomberg Hammers Obama, Congress Over Bank Plan

Bloomberg Hammers Obama, Congress Over Bank Plan - wcbstv.com: "Mayor Says President's Idea To Limit Size And Investments Will Lead To Big Problems For NYC, Including Layoffs

Hizzoner Suggests Salaries Of D.C. Lawmakers Be Held Back For Decade"

Hold back salaries? Sounds good to me. If the Senate thinks it's a swell idea to tax health insurance premiums up to 40%, but give special exemptions for unions members so they can avoid paying the tax, then why not? If Congress thinks it's just fine and dandy to tax "executive bonuses" at 90%, then how about a special 90% tax that only applies to liberal members of Congress?

The End of Wall Street as We Know It - Radical Proposal

The End of Wall Street as We Know It - The Gaggle Blog - Newsweek.com

The End of Wall Street as We Know It[...]

Surrounded by economic heavyweights called into the White House, President Obama announced today before the TV cameras that he wasn’t announcing anything new. [...]


That’s the official story. It’s utter nonsense. The actual story is that today’s proposal is totally new, far more radical than anything Obama and his top officials, mainly chief economic adviser Larry Summers and Treasury Secretary Tim Geithner, have proposed in the past.

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?