Obama slams Wall Street

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Last Modified: 31 Jan 2009
By: Faisal Islam

Laying the ground for a new financial rescue plan next week President Obama has promised to provide billions of dollars to businesses to create jobs and lower mortgage costs.

But in his weekly televised address he also railed against the "arrogance and greed" of Wall Street bankers after revelations they'd paid themselves a total of $18bn in 2008.

Meanwhile, Gordon Brown, has urged Britons to remain optimistic in the face of economic decline, during an interview at the World Economic Forum.