Here I go, mixing it up with the financial services industry.
It surprises me to get emails from people who don't seem to know Wall Street is getting a lot of criticism. So much so that the Obama administration has proposed a major overhaul of how it is regulated.
Here's my commentary that aired this week on Nightly Business Report on PBS
http://tr.im/woVP
You share in the SunSentinel.com community, so we just ask that you keep things civil. Leave out the personal attacks. Do not use profanity, ethnic or racial slurs, or take shots at anyone's sexual orientation or religion. If you can't be nice, we reserve the right to remove your material and ban users who violate our Terms of Service.
Harriet Johnson Brackey, the personal finance columnist for the Sun Sentinel, is an award-winning business reporter. Her columns for 2008 were named "The Best in the Business," a national award chosen by her colleagues at the Society of American Business Editors and Writers.
Comments
What's Trust got to do with it?
(and your link is dead)
Posted by: Ike | August 14, 2009 11:51 PM
correct link:
http://tr.im/woVP
Posted by: G | August 15, 2009 3:10 AM
Better question, should you ever trust Washington?
The current Chief of Staff of The White House made millions working for Wall Street, Senator Chuck Schumer raised millions from Wall Street firms in the last election cycle... and these guys are going to reform Wall Street???
Don't bet on it.
If you want a friend, adopt a dog.
Don't trust bankers, brokers, or anyone who says they are from Washington and they are here to help!
Wikipedia:
On December 14, 2008 the New York Times published an article on Schumer's role in the Wall Street meltdown. The article stated that Schumer "embraced the industry’s free-market, deregulatory agenda more than any other Democrat in Congress, even backing measures now blamed for contributing to the financial crisis... Schumer took steps to protect industry players from government oversight and tougher rules, a review of his record shows. Over the years, he has also helped save financial institutions billions of dollars in higher taxes or fees. He succeeded in limiting efforts to regulate credit-rating agencies." This article also charged that Schumer blocked ratings agencies reforms proposed by the Bush Administration and the Cox SEC.
http://www.nytimes.com/2008/12/14/business/14schumer.html
Posted by: G | August 15, 2009 3:12 AM
That is the NY Times, not Fox News, not Rush Bimbo.
What is it going to take for people to wake up to the corruption in Washington?
Washington is bought and paid for by organized labor and special interests.
Obama bailed out the UAW not GM and Chrysler with your tax dollars.
Organized labor went door to door Campaigning for him in the election and now it was time for payback.
Wouldn't you like a job making over $60K base pay + benefits + overtime and not even have a college degree?
In a November 18, 2008, New York Times editorial, Andrew Ross Sorkin claimed that, counting benefits, each UAW worker receives $74 per hour while Toyota workers receive about $44 per hour.
Your tax dollars helped support needy UAW workers making above average wages with above average health benefits.
GM/Chrysler unsecured bond holder got almost nothing, I guess contracts mean nothing to current regime Washington.
The TARP money that was put into financial institutions was at least partially paid back...don't look for any refunds from the UAW.
There is hope in 2010 for real change, regime change. Send a message to incumbents in Congress, fire them. First to go should be Chris Dodd.
Posted by: G | August 15, 2009 3:43 AM