Credit Card and Financial News

An up-to-date look at the Financial World

21 Jan

Stocks slide as Obama calls for tougher bank rules (AP)

Posted in business on 21.01.10

A television plays at the The Goldman Sachs booth on the floor of the New York Stock Exchange in 2008 in New York City. Goldman Sachs posted massive fourth-quarter and full-year 2009 profits Thursday that shattered forecasts as the US banking giant moved to deflect criticism about a jump in its compensation levels.(AFP/Getty Images/File/Chris Hondros)AP – A drop in financial shares pounded the stock market after President Barack Obama proposed greater restrictions on big banks.


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