Tokyo surged last night adding 277 points, or 2.74% following Friday's rebound in US markets. London is trading up .4% and US futures are about the same.
Support for the Volcker Rule continues to grow as 5 previous Treasury secretaries have stepped forward to support it. The rule essentially separates risk-taking activities from traditional banking. Commercial banks should be highly regulated, supported institutions and hedge funds should be private funds allowed to fail. Makes sense to me!
President Obama will attempt to resuscitate his health care plans this week by introducing a proposal to Congress today. This is seemingly a step he should have taken long ago rather than let Americans watch months of the sausage-making process. The plan calls for federal authority to limit "unfair" insurance premium increases. It seems like a last-ditch effort by Obama to get something passed.
Toyota President Akio Toyoda faces Congress this week. I doubt he finds a friend.
Tokyo Reclaims Friday Losses
Tokyo surged last night adding 277 points, or 2.74% following Friday's rebound in US markets. London is trading up .4% and US futures are about the same.
Support for the Volcker Rule continues to grow as 5 previous Treasury secretaries have stepped forward to support it. The rule essentially separates risk-taking activities from traditional banking. Commercial banks should be highly regulated, supported institutions and hedge funds should be private funds allowed to fail. Makes sense to me!
President Obama will attempt to resuscitate his health care plans this week by introducing a proposal to Congress today. This is seemingly a step he should have taken long ago rather than let Americans watch months of the sausage-making process. The plan calls for federal authority to limit "unfair" insurance premium increases. It seems like a last-ditch effort by Obama to get something passed.
Toyota President Akio Toyoda faces Congress this week. I doubt he finds a friend.
