Word: bankses
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Also reshuffling consumers' debt priorities is the fact that loan-modification programs are making it more likely that consumers will be able to keep their home, even after they have missed some payments. Many banks, too, have cut back on credit-card lending, lowering limits and canceling cards of borrowers...
For one long week—perhaps President Obama’s longest since taking office—it was all about the banks. On Jan. 21, a New York Times headline read, “Obama to Propose Limits on Big Banks,” while the Motley Fool...
Holdups in the Senate have made it unlikely that any significant banking legislation will pass, but that is a moot point, Obama’s plan to curb risky investing by commercial banks is nothing more than a cynical attempt to gain populist support at a time when his domestic...
During his State of the Union, Obama’s vow to veto any Congressional acts that didn’t measure up to his standards of “real reform” represented his descent into the populist trap; rather than articulating a clear ideology or outlining what...
Obama needs to acknowledge the populist criticisms directed at him without exploiting the techniques that his critics employ. Doing so is the only way he can move forward, which is, after all, what he promised in his forward-looking, hope-saturated campaign. The American people deserve for Obama to deliver...