Tag Archives : US financial industry

Justifying his plans is Obama’s toughest ordeal at the moment. He and his team might just be passing through the eye of the needle after Treasury Secretary Timothy Geithner’s faux pas in not being able to avert the multimillion bonuses given to AIG executives. In reality, Obama’s litmus test is convincing people of his preparedness to deal with [...]

Wall Street is not a metaphor for greed. It is greed itself. In his radio program, the US president lashed out for the second time in less than a week at the financial market of his country. Obama warns that the US economic situation “is going to get worse before improving.” He also attacked what he called “arrogance and greed” [...]