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Obama's anti-'fat cat bankers' rhetoric runs hollow
17 hours ago ago from BloggingStocks
"I did not run for office to be helping out a bunch of fat-cat bankers on Wall Street," President Obama said in an interview that aired Sunday night on 60 Minutes . "The people on Wall Street still don't get it," Obama said. "They're still puzzled why is it that people are mad at the banks. Well, let's see. You guys are drawing down $10, $20 million bonuses after America went through the worst economic year that it's gone through in ...
Related contentBig City: How the Streets of New York Got More Dangerous
2 hours ago ago from The New York Times
It is making me feel a bit nauseated, but I am multitasking. I am walking and typing ... make that typin and walking and trying to register the ever changong image on my iPhone ,a view of rhe syreet in front of me that is provided courtesy of rhe iPhone app called typing and wdlking. Damon Winter/The New York Times A woman navigating Times Square as she types a message into her cell phone. O.K., enough of that. ...
Related contentWall Street tries to make nice with Obama
9 hours ago ago from DailyFinance
After President Obama smashed Wall Street for being out-of-touch "fat cats" on 60 Minutes over the weekend, the bankers tried to mend fences during a meeting at the White House on Monday. Whether any detente will last is not clear. Obama, whose coolness under pressure was legendary during the campaign, clearly was annoyed with the banks for failing to do enough to jump start the economy after U.S. taxpayers spent hundreds of billions of ...
Related contentObama takes Wall Street to the woodshed -- but will he follow through?
17 hours ago ago from DailyFinance
On Sunday night's 60 Minutes , President Obama punched up his ongoing rhetorical battle with Wall Street, declaring that "fat cat bankers" have shown little "shame" about their out-sized compensation packages. Today, investors will see if the leader of the free world backs up his words with deeds as Obama meets with top financial executives. In the interview, Obama suggested that many banks are paying back their TARP money early solely to ...
Related contentWall Street Journal versus New York Times: It is so on!
14 hours ago ago from DailyFinance
Tensions between The New York Times and The Wall Street Journal are on the rise as the two papers increasingly compete for the same pool of general-interest and local-market readers. A column by Times media critic David Carr accusing the Journal of slanting its news coverage in the conservative direction favored by owner Rupert Murdoch has drawn a sharp response from the Journal 's managing editor, Robert Thomson -- who offers a pretty ...
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