As the economic crisis and the plight of ordinary Americans deepen, the Obama administration is finally beginning to embrace stronger bank and financial industry reforms proposed by courageous refromers such as Paul Volcker, Sheila Bair, Elizabeth Warren, Barney Frank and former NYS Governor, Eliot Spitzer. It’s about time!
AIG Executives have been given huge bonuses with taxpayer money, and everyone is furious. AIG claims that they have contractual obligations which predate the largest private sector bailout in history. Politicians say these obligations are secondary to satisfying taxpayers who are keeping them above water. Pundits, smelling blood in the water, have come out in […]
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