Obama asks Wall Street to join him in bank reform

Date: Thu, 22 Apr 2010 12:01:08 -0400

OBAMA ASKS WALL STREET TO JOIN HIM IN BANK REFORM
President Obama travels to New York to tell Wall Street to join him in
efforts to reform the nation's banking regulations to make sure a
second Great Depression never happens.

MOODY'S CUTS GREEK CREDIT RATING
Ratings agency Moody's cuts Greece's sovereign credit rating to A3
from A2 and places it on review for a further possible downgrade,
citing worries about the government's ability to stick to an ambitious
program for slashing its deficit.

EUROSTAT CHIDES GREEK DATA AS BONDS SLAMMED AGAIN
Greece's budget deficit was revised higher Thursday, with a warning
that another upward hike may come, as the Eurostat statistics agency
attacked the debt-racked country's accounting.

EURO SINKS, DOLLAR UP AFTER MOODY'S CUTS GREECE

Debt worries continued to plague the euro Thursday, leaving the dollar
to gain ground versus most major rivals.

MOORE CAPITAL WARNS OF EURO-ZONE 'BREAKDOWN'
A leading global macro hedge-fund firm run by Louis Moore Bacon,
warned of a "potential breakdown" of the European Monetary Union and
criticized plans to bail out Greece.