Using a recent issue of the Wall Street Journal or another business publication,
ID: 2625757 • Letter: U
Question
Using a recent issue of the Wall Street Journal or another business publication, summarize an article that discusses a particular commercial bank regulation that has recently passed, or is currently being considered by regulators. Evaluate whether the regulation would have a positive or negative effect on commercial banking operations.
Your evaluation can be brief, but be sure to support your writting with the the artical, PLEASE only in your own words, no copy/paste from online
http://online.wsj.com/europe
Explanation / Answer
In February, 2009, I wrote for theWall Street Journal an article entitled Reaganomics versus Obamanomics. The article explained that the emerging Obamanomics was pursuing exactly the opposite of every policy of the enormously successful Reaganomics, and predicted that it would produce exactly the opposite results.
Well, the results are in, and under President Obama the American people have now suffered the worst 5 years since the Great Depression, as first explained by Steve McCann of theAmerican Thinker on January 25. McCann writes,
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