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The Mo’ You Read!

Posted on: April 22, 2010

1. Obama pushes case for bank reform

2. Belgian prime minister ‘to quit’
3.Warning amid tense Thai stand-off
4. Armenia halts deal on Turkey ties
5. South Park warned over Muhammed

The one that interests me was Obama Pushing the case for bank reform bill. This article was about Obama pushing the case for more government regulation of big banks in speech to financial leaders in New York later. Obama told the bankers that it is in their interest to have fresh regulation and they should not fight them. BBC’s editor Mark Mardell said that it would be part-lecture/appeal.  Obama has reminded the banks of failures of regulation had resulted in a distorted market that creates bubbles instead of growth. Example is a market that favours Wall Street over Main Street but at the same time hurts the two.

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