Word: bankses
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Unfortunately for the country - and it is the country that is watching all of this - that action was almost certainly not ethical. It was a case of two men with the power to determine the fate of another man and the company he led by taking all of his responsibilities...
The President almost seemed apologetic. "This may be a slightly longer speech than I usually give," he told his audience at Georgetown University on April 14. "This is going to be prose and not poetry." What followed, as promised, was not poetry. Barack Obama doesn't do much poetry anymore...
The legislative achievements have been stupendous - the $789 billion stimulus bill, the budget plan that is still being hammered out (and may, ultimately, include the next landmark safety-net program, universal health insurance). There has also been a cascade of new policies to address the financial crisis - massive interventions in...
If the bankers and corporate executives don't understand the need to modify their behavior, Obama's financial plan could come crashing down. There is a minirebellion going on right now among executives, from JPMorgan Chase & Co. to Chrysler, who don't want to take government loans because they won...
"The wagon that needs to get through is health care," says a second Obama adviser, picking up the metaphor. But that won't be easy either - unless the Obama Administration can lure some Republicans to support it, which might be possible if the plan relieves the pressure of health-care...