Showing posts with label Obama targets big banks. Show all posts
Showing posts with label Obama targets big banks. Show all posts

Thursday, January 21, 2010

Will the Administration's Fight with Banks Help the Democrats

The White House, which is showing its political astuteness, is reacting to populist anger by adopting populist policies.  The target: banks.  An early move was a tax on big banks.  The latest move is to restrict the size and types of risks that the big banks can take.  The question is whether this is going to work.