Saturday, January 23, 2010

Dumb warns Dumber

Alistair Darling warns Barack Obama over banking reforms

Alistair Darling warns today that President Barack Obama’s proposals for shaking up the banks would not have prevented the crisis and risk undermining the international consensus on reforming the financial system. Darling’s big worry is that Obama’s bombshell proposals, based on ideas set out last year by Paul Volcker, former chairman of the Federal Reserve Board, will shatter the consensus within the G20 nations on banking reform.

Posted by devo @ 11:26 PM (1072 views)
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