Josh Rosner is one of the more knowledgeable people about the US banking system and this interview cuts straight to the point: the Obama admin is doing nothing so far to reign in the Fed or the banking rules that caused the disaster of 2005-2009 and beyond. So far Obama's leadership is a huge disappointment in this crucial area. So much for the audacity of hope; very frustrating to watch as so many regular citizens are still unaware of the breach of trust and abuse of power here.
Joshua Rosner, managing director at Graham Fisher & Co., talks with Bloomberg's Matt Miller and Carol Massar about proposed U.S. financial stability legislation.
Watch the clip on Youtube here.
Hat tip: The Big Picture blog
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Books
Press Release Praise for Juggling Dynamite “An explosive critique about the investment industry: provocative and well worth reading.” “Juggling Dynamite, #1 pick for best new books about money and markets.” “Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.” |
The big bank wolves are at it again
Comments
Re: The big bank wolves are at it again
by
RayT
on Tue 03 Nov 2009 12:54 AM EST | Profile | Permanent Link
History has shown that blind faith in leaders is a very dangerous thing. I believe that after 8 years of President Bush, the American People and the world for that matter were so desperate for change that they clung to the first 'good talking' person that promised it. Here we are well into the first year of the Obama presidency and yet we really haven't seen him delivering on his promises and the strange part is people are not calling him on it, nor do they seem to care. Deciding to give him the Nobel Peace Prize two weeks into his term highlights the kind of blind faith people have given him and the free ride he has enjoyed. I hope time proves him to be the leader so many hope he is...
Silencing of Paul Volcker
by
RayT
on Tue 03 Nov 2009 03:57 PM EST | Profile | Permanent Link
What happens when someone with credibility voices concerns about the Big Banks, increasing deficit, accelerated spending? He gets silenced, thats what.
I always respected Paul Volcker for doing what was right versus what was popular. The man fought and won a war against inflation by raising rates near 20%, yet it seems the Obama Administration is more concerned about silencing him than heeding his advice. http://www.cnbc.com/id/33607057 |
Key Interview
Danielle speaks with Jonathan Chevreau on the Financial Post's blog Wealthy Boomer.
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Audio and Video Interviews“Dear Ms. Park, I watched your appearance on BNN today, and I just have to leave you a message saying 'Thank you' for giving viewers your very frank opinions about how things are going and certain industry practices. I appreciated you trying to give as much information as you could during that (too) short segment. Thank you for what you are doing for all investors!” “Each time I see Danielle Park on BNN, I am impressed with her comments and insights. Other than Rick Santelli on CNBC, she is the only commentator that I feel is completely honest and trustworthy.” Search
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