Obama proposes more regulation of US banks

BBC Report today that President Obama is planning new regulations of the US banking sector.
US President Barack Obama has proposed significant new curbs on the activities of banks to try to prevent future financial crises.  The plans - the most far-reaching yet -include limits to the size of banks and restrictions on riskier trading.

While the greed of certain fringe financiers may have got the world into the financial mess it found itself in last year.  It is by no means clear that ongoing extension of state controls in the solution.  Arguably if those companies that got themselves into difficulty had been allowed to go under the market would be now have cleared out the companies that acted unwisely with depositers funds.

Biden Adds Foreign Policy Strength to Obama Ticket

Senator Obama's decision to have Senator Joe Biden as his Vice Presidential running mate will add further gravitas to the Democratic ticket in the US elections this November. Biden is one of America's longest serving Senator's, with two presidential races behind him (1988 and 2008),and immense foreign policy expertise. In choosing Biden Obama has added experience to his youth, an insider's knowledge to his reputation as an anti-establishment figure, and international relations expertise to Obama's domestic policy background. It will be interesting to see the next few polls comparing McCain to Obama - given this latest news.