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...case at a White House meeting in October, the rest of the Administration started shifting his way. Giant firms like Goldman Sachs were raking in record profits, and financiers ranging from British central banker Mervyn King to former Citigroup chairman John Reed were endorsing the Volcker rule. (See the worst business deals...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

...room's mood so grave, that no one moved when Obama said, "We must answer history's call." There were no ovations when he called for "Democrats and Republicans to work through our differences, to overcome the numbing weight of our problems." He got no love for saying, "The worst of the storm has passed." (See "Judging Obama's First Year, Issue by Issue...

Author: /time Magazine | Title: State of the Union: A Feisty Obama, a Frosty GOP | 1/28/2010 | See Source »

...restoring confidence in Toyota are very important to our company," says Bob Carter, Toyota's group vice president and general manager. "This action is necessary until a remedy is finalized. We're making every effort to address this situation for our customers as quickly as possible." (See the 50 worst cars of all time...

Author: /time Magazine | Title: Toyota's Recall Will Test Customer Loyalty | 1/27/2010 | See Source »

...hiding facts about what AIG had paid its counterparties or who those counterparties were. Former Treasury Secretary Henry Paulson, who also testified at the hearing, said he was broadly supportive of the AIG bailout but had no knowledge of any payments that AIG made to particular banks. (See the worst business deals...

Author: /time Magazine | Title: Could the U.S. Have Saved Billions on AIG Rescue? | 1/27/2010 | See Source »

...second term as Federal Reserve chairman. Much of the opposition that's been building lately to Bernanke's confirmation consists of Republicans who want to obstruct anything President Obama wants and Democrats who want to obstruct anything Wall Street wants. But while Bernanke performed brilliantly during the worst financial panic in 75 years, it's fair to ask why he isn't doing more now to fight unemployment (the left's chief complaint) or inflation (the right's chief complaint). (See pictures of Ben Bernanke...

Author: /time Magazine | Title: The Case for Reconfirming Fed Chairman Ben Bernanke | 1/26/2010 | See Source »

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