Obama said that large financial institutions almost ruined the U.S. economy because they took “huge, reckless risks in pursuit of quick profits and massive bonuses.” Unfortunately his latest solution, long on political rhetoric and short on substance, is likely to make the financial system more fragile and more susceptible to government bailouts.Read the whole thing
You do not have to be a financial genius to figure this out.
Friday, January 22, 2010
Instead of bringing real change, Obama’s plans seem more likely to do the opposite of what he says he wants...
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