Tag Archive for 'wall street'

Obama Starts to Get It

// President Obama recently announced new banking and financial reforms that indicate that while he clearly still doesn’t quite grasp the underlying economic and financial structures that fostered the crisis, he’s getting there. The Economist reports: Though not a full return to Glass-Steagall, the law that separated commercial banking and investment banking in the wake [...]

Financial Regulation: New Battery, Same Car

// Well, as if on cue, just as I finished writing my previous post on the lack of effective action or reflection on the part of our political “leaders” vis-à-vis the economic crisis, the New York Times reports that Obama and the Democrats are considering legislation to rein in institutions that are “too big to [...]

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