Tuesday, May 17, 2011

Obama Supports Tepco Stock Price

It has been reported in the Japanese press that Obama has urged Japanese officials to support the stock price of the failed nuclear plant operator Tepco.

The steep drop in Tepco's stock price has already dealt a blow to investment funds in the United States. Nearly 20 percent of its stock is held by non-Japanese investors. This has reportedly led the Obama administration to urge the Kan government to take steps to prevent a further decline in Tepco stock.

Are there any more doubts about the sell-out of Obama in favor of corporatism?

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