South Africa: Echoes of Bank Debate in Citadel of Capitalism

column

Johannesburg — US MARKETS recovered yesterday after a horrible set of sessions in which the Dow fell for four consecutive days, slicing about 5% off the market. All of a sudden, the 10000 level looks in danger again.

The initial problem appeared to be President Barack Obama's proposal for tighter restrictions on banks, but this evolved down an unexpected path. The fears began to be focused on whether Fed chairman Ben Bernanke might struggle to be confirmed in the Senate.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.