The Indypendent » Obama and Volcker Must Go After the Big Banks
Thursday, February 4th, 2010Thus far, President Obama’s financial reform strategy has reeked of political expediency—talk tough to Wall Street, act gentle, ride out the populist anti-banker tide, hope for the best, change nothing. But Obama may have awakened to the smell of one-term coffee … But Obama’s Volcker-inspired proposal falls far short of the full Glass-Steagall resurrection that is needed to truly stabilize the financial system (along with a handful of other smaller-bore regulations). …
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