Obama: Let’s Try Changing the Subject

Others accused the White House of adopting a populist message to divert attention away from the blow delivered by the Democrats’ defeat in the Senate race in Massachusetts.

The measures, which require congressional approval, hark back to the response to the 1929 stock market crash that ushered in the Glass-Steagall Act, separating commercial and investment banking, which remained in law until 1999.

via FT.com / US / Politics & Foreign policy – Obama hammers Wall Street banks.

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