Tag: banking sector

Call the Pope because hell is freezing over: Senators John McCain and Maria Cantwell are joining forces to reinstate the Depression-era Glass-Steagal [sic] Act of 1933, which separated commercial banking from Wall Street investment banking. According to Newsweek, the two plan to announce the bipartisan McCain-Cantwell bill on Wednesday morning. The Glass-Steagall law was repealed […]

No we don’t need any health reform at all: Michigan insurance regulators have approved a 22 percent increase for group and individual Blue Cross Blue Shield health policies in the state, according to reports published Thursday. “Blue Cross officials have said they need rate increases to help cover $133 million in financial losses in 2008 […]