Speaking with reporters before going to California for a town hall meeting, President Obama made some news. Forget the "the buck stops with me" business. More importantly, he announced that he wants to set up a "resolution authority" with powers similar to the FDIC to resolve the AIG situation once and for all, and -- presumably -- to regulate the insurance industry from now on.
Visit msnbc.com for Breaking News, World News, and News about the Economy
Also, President says, "Nobody here drafted those contracts." Really? Nobody? Methinks you might want to have further conversation with your Secretary of the Treasury and the Director of your National Economic Advisor, Mr. President. Or, just click that link.
Posts
Post a Comment
Two cents only, please...