Daily Highlights: 1.22.10

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Fri, 01/22/2010 - 09:55 | 202066 Anonymous
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toyota recalling hardware accelerator pedals??? HELLO!!! Can we say software bug!?!?!?!?!

Fri, 01/22/2010 - 10:30 | 202088 bbbilly1326
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Here's an interesting WaPo story today :

"Geithner's Influence on Bank Reform Wanes"

Senior administration officials say there is now broad consensus for tougher restraints advanced by former Fed chairman Paul Volcker.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/21/AR2010012104935.html?hpid=topnews

Simon Johnson is happy, and the banking "industry" is disheartened...........sounds promising:

 

"Advocates of Volcker's ideas were delighted. "This is a complete change of policy that was announced today. It's a fundamental shift," said Simon Johnson, a professor at MIT's Sloan School of Management. "This is coming from the political side. There are classic signs of major policy changes under pressure . . . but in a new and much more sensible direction."

Industry officials, however, said they were startled and disheartened that Geithner was overruled, in part because they supported the more moderate approach Geithner proposed last year."

 

That was quick, we'll see how really true it is by what happens next............

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