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Tag Archive 'Barack Obama'



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The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.
“The Geithner plan is very badly flawed,” Stiglitz told Reuters in an interview during a [...]

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“Even the experts don’t quite know what’s going on.”
Speaking to a number of those experts Friday, Paul Volcker, a top economic adviser to President Barack Obama, cited not only the lack of understanding of the global financial meltdown but the “shocking” speed with which it had spread across the world.
“One year ago, we would have [...]

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At at a time when any decent baker should have been selling racially harmonious black and white cookies by the truckload, one Greenwich Village bakery popular with celebrities and shows like Sex and the City has outraged neighbors by selling a “Drunken Negro Face” cookie in, um, “honor” of President Obama. [Video below.] A shocked [...]

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