Obama marks Lehman anniversary with push for financial reform
President Barack Obama will use Lehman Brothers collapse anniversary to urge Congress to pass sweeping financial reform and wind down the government’s role in the sector. He plans a New York speech to press for global crisis-prevention coordination and stronger regulation after last year’s market tailspin.
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Wilson defies calls to apologize for You lie outburst
Rep. Joe Wilson refused a second apology over shouting You lie during President Obama’s health care address. Democrats plan a House resolution condemning the remark, while Obama said he accepted Wilson’s apology and urged moving forward on health care reform.
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Civilian contractor shot dead on U S base in Tikrit
A civilian contractor, 27 year old Lucas Vinson of Leesville Louisiana, was shot and killed at Camp Speicher in Tikrit. A U S soldier has been detained in connection with the incident as investigations continue. Vinson worked for Houston based KBR, the primary contractor in Iraq providing housing meals and laundry services.
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Risk-taking returns to big banks after crisis fallout
After a year of federal bailouts the largest banks including Goldman Sachs and JPMorgan Chase are again pursuing high risk bets in bonds commodities and exotic products. Analysts warn such behavior echoes pre crisis risk and could threaten financial stability even as government regulators push for tighter oversight.
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Pittsburgh
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