Here's a look at what's news in banking and finance this morning:
- The Dow was up triple digits in pre-market trading after European leaders and banks struck a deal for the banks to write off 50 percent of Greek government debt. The New York Times explains.
- Big banks are clashing with regulators over how they can spend their money, the Wall Street Journal says.
- A guest blogger for the Christian Science Monitor argues that President Obama should break up the big banks in a provocative post.
- As Occupy Wall Street protests continue, ProPublica has a handy look at the major players in the financial crisis and what's happened to them.
What do you think about the financial crisis players? Did anyone get off "too easy" in your opinion?
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2 comments:
I'll tell you who's getting off too easy and not catching enough heat. Obama and Washington. I'm tired of the finger pointing and lack of accountability coming from the President and Washington in general. It's their failed policies, laws, and regulations that caused all of this mess. You can't fault Wall Street, Corporations, and Banks for playing the cards dealt to them. Washington needs to close tax loopholes, and find better ways to police the markets......more regulation isn't necessarily the answer......just better regulation!
I would expect that this latest round of MOPE (management of perception economics) will have a half life of around 8 to 12 hours before the riots in Greece start again and Italy and Spain and Ireland start to see that they are just as Skrewed as Greece.
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