It is a positive step of Mr. Obama's Administration to discover Black Sheeps and stop their un leagle activities. According to my own openion it is really bold step of Mr. Barack Obama's Administration.
Mr. President Barack Obama informed that his goverment is working on a plan through which they unlock credit markets and lower mortgage rates, and also viewed that company executives will be stopped from siphoning money intended for economic recovery.
Obama said today in his weekly radio address that Soon my Treasury secretary, Timothy Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families
We’ll help lower mortgage costs and extend loans to small businesses so they can create jobs,” Obama said. “We’ll ensure that CEOs are not draining funds that should be advancing our recovery.
Obama expressed outrage earlier this week after the New York state comptroller reported that Wall Street firms disbursed $18.4 billion in bonuses last year as the U.S. sank into a recession. While the figure represents a 44 percent decline from the previous year amid record losses in the securities industry, the bonus pool was the sixth-largest ever, the comptroller said in a yearly report.
Geithner will “have something to say about” bonuses as early as next week, Obama’s senior adviser David Axelrod said in an interview yesterday on Bloomberg Television’s “Political Capital with Al Hunt.
McCaskill said that We have a bunch of idiots on Wall Street that are kicking sand in the face of the American taxpayer.
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