Week ending May 1, 2010
AP declares financial reform will likely pass
AP: “Democrats believe that public pressure and the scent of a Wall Street scandal have given them the upper hand.”

Buffet lobbies to protect his 63 billion in derivatives
Warren derides derivatives here.
Warren lobbies to keep his derivatives here.

Sen Carl Levin (D) Michigan, exhibits diarrhea of the mouth at Goldman hearings
If you are up for a lesson in how to get the maximum impact from excrement, here’s the video.

Sovereign debt of Greece downgraded to junk status.
Spain also lowered but still a couple notches above junk, for now.

White House does a favor for Iran, China and Russia
From the Washington Times. The Obama administration is pressing Congress to provide an exemption from Iran sanctions for companies based in “co-operating countries,” a move that likely would exempt Chinese and Russian concerns from penalties meant to discourage investment in Iran.

Administration announces moratorium on drilling
No new drilling in domestic areas will go forward until “there is an adequate review of what happened” in the Gulf oil spill.

Bob B– AddThis Button BEGIN –>

Bookmark and Share

Comments are closed.