Summary
President Barack Obama talked tough to America's biggest bankers on the first anniversary of the Lehman Bros. collapse that set off the global financial meltdown. But they mostly disagreed or weren't listening.
His stern lecture demanded their cooperation in enacting his proposed financial reforms intended to prevent another orgy of risky trading, dubious investment products, fraudulent deception of investors and sky-high executive compensation - the pattern that led to the collapse and panic a year ago and the great recession that is still dragging on.See the full content of this document
Extract
The Next Bubble
Many of the bankers in his audience scowled and kept checking their BlackBerrys, according to The New York Times, as he urged pro...
See the full content of this document
Sponsored links
