Obama's speech in UN on corporate excesses
This is the gist of what Obama said at the UN on corporate excesses, cheats and corruptions in high places. 'And that means setting new rules of the road and strengthening regulation for all financial centres, so that we put an end to the greed, excess and abuse that led us into disaster, and prevent a crisis like this from ever happening again.' We have been copying corporate America like a little twin. Would we continue to copy America and start to tighten our regulations, or we are in such a comfortable position that we can sail along as it is? Maybe we can. We don't have that kind of excesses and corruption in the scale of corporate America. We don't have bankers paying themselves hundreds of millions. We don't have banks and insurance companies going down. We don't have a housing crisis. I think we are doing very well. Carry on.