Tuesday, March 02, 2010

Got regulation?

I want to be able to trust Wall Street. But the more I read, the more it seems nothing has changed since the crisis. The momentum for honesty and transparency is waning, and the seeds for the next meltdown are already being sown.
At the very least, the wall between retail banking and investment banking should be rebuilt.
This idea enjoys bipartisan support. Advocates for it include Barack Obama, John McCain, Paul Volcker.
Better still, I say come up with an alternative which more closely aligns all of our interests.

Update: great minds think alike!