Obama's bitter pill for Wall Street

US President Barack Obama announced on Thursday that he wants to limit the size of US banks and exert more control over risky businesses. The daily Le Temps welcomes the plan: "Barack Obama gave a clear no on Thursday to Wall Street bankers who were counting on a return to 'business as usual'. The president's firmness has come as a surprise to more than a few. ... But will Congress accept to restrain the activity and limit the size of the big banks, as Obama wants it to? Whatever the answer, Barack Obama is fighting the good cause. His announcement intelligently complements the dedicated tax announced last week intended as a sort of insurance premium exacted from the large banks. America, where the crisis started, is now engaged in a debate whose outcome will make it all the easier to harmonise attempts at finding a solution."

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