Thursday, September 20, 2012

Our Views on the recent banking reform proposals and why the Obama Administration totally missed the mark.

"While the financial system is far stronger today than it was one year ago, it is still operating under the exact same rules that led to its near collapse," Obama said in announcing his proposals. He went on to tap into populist, anti-bank sentiment, noting the banks are making record profits while refusing to lend to small businesses, that they are charging high credit card rates and failing to "refund taxpayers for the bailout." He added that it was "exactly this kind of irresponsibility that makes clear reform is necessary." .......... (more)

No comments:

Post a Comment