Obama’s bank reforms will plug a financial black hole | Ruth Sunderland
We supporters of the US’s Glass-Steagall Act used to be regarded as eccentrics. Now the most powerful man in the world is backing it
Not so long ago, fans of bringing back the Glass-Steagall Act – American Depression-era legislation that separated utility banking from casino speculation – were considered members of an eccentric and tiny minority.
Now [...]
Bubble trouble: rise in asset prices adds to fears for recovery
Central banks are relaxed about booming asset markets. But with repossessions rising and jobs still scarce, some fear we’re heading straight for another bust.
The din from the commodity pits on the Chicago exchanges is growing louder. Estate agents in Kensington and Chelsea say they can’t meet demand for £1m-£1.5m homes. Wall Street’s hi-tech Nasdaq exchange [...]
