Congress Skeptical of the Administration’s Proposed Regulatory Overhaul
Treasury secretary Timothy Geitner went before the Senate banking committee on Thursday to explain the administrations plans on financial regulation, and was greeted with much skepticism. There is a great deal of criticism of the proposed regulations by not only congressional members, but throughout...
American Auto Industry Faces a New Reality
Once upon a time the American auto industry was all powerful, able to influence the government to make rules which favored their interests. Detroit’s leading firms, GM, Ford and Chrysler led the world’s automobile manufacturers and created a culture which excited the public, who thirsted...
Obama Discussed AIG and other Finacial Economic Issues on Tonight Show with Jay Leno
President Obama appeared on the Tonight Show last night. He’s the first sitting president to have done so. In his appearance with Jay Leno he discussed the AIG bailout and other controversies surrounding AIG. He also talked about his Treasury Secretary and issues related to the recent economic...