President Obama Wall Street Address...

Posted by DaronG on Tue, 27/04/2010 - 07:21

President Obama has delivered his speech at the Cooper Union College, explaining his stand regarding the health bill that will be proceeding to the senate later this week or next. The bill has already passed the House of Representatives, and only has a little ways left on its way to becoming law.  This reform bill has many positive and questionable sides to it.  All I ask is that before you get all hot headed and worked up over it, do your research.  Actually spend some unbiased time finding out what this bill is about and how it will impact your life; you might be surprised at what you find.
 

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The Bottom Line:If Mr Cable has his way...

"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more