Robert Reich: Why Obama Is (finally) Taking On Wall Street

President Obama is now, finally, getting tough on Wall Street. Today he's giving his support to two measures critically important for making sure the Street doesn't relapse into another financial crisis: (1) separating the functions of investment banking from commercial banking (basically, resurrecting the Depression-era Glass-Steagall Act) so investment banks can't gamble with insured commercial deposits, and (2) giving regulatory authorities power to limit the size of big banks so they don't become "too big to fail," as antitrust laws do with every other capitalist entity.

BING NEWS:
  • The Obama Era Is Finally History in the Middle East
    The Obama era in Middle Eastern history has, thankfully, come to an end. Barack Obama’s misguided diplomacy made Iran the de facto master of Syria and Lebanon and massively reinforced Russian power ...
    12/23/2024 - 9:03 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News