How Great Is Obama?

21 01 2010

Jobless Claims Rise in Latest Week

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week — an increase a U.S. Labor Department economist said is partly due to an administrative backlog in processing claims.
http://online.wsj.com/article/SB10001424052748703699204575016813278794570.html

US STOCKS-Wall St tumbles on Obama banking proposal

NEW YORK, Jan 21 (Reuters) – Wall Street tumbled on Thursday after US President Barack Obama proposed rules aimed at making the financial system safer by preventing the biggest banks from taking excessive risks.
http://www.reuters.com/article/idUSN2121887420100121

Goldman Profit Leaps as Firm Restrains Pay

NEW YORK—Goldman Sachs Group Inc. on Thursday reported blowout fourth-quarter earnings, driven in part because it restrained compensation amid a public outcry about excessive pay.

The investment bank’s record-high profit of $4.95 billion for the fourth quarter far exceeded Wall Street estimates.
http://online.wsj.com/article/SB10001424052748703699204575016804205358736.html?mod=WSJ_newsreel_business

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Ok, so it’s not all bad news, at least Obama’s buddies at Goldman Sachs are making a ton of money!

Gio-

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