An amateurish attempt at explaining current events large and small.
Thursday, January 21, 2010
Learning to Love Glass-Steagall All Over Again
President Obama appears to be pushing for financial reform and it looks like he has shifted directions in a positive direction (away from the influence of Geithner and Summers and towards Paul Volcker). The principle objective of the reform seems to be to walk back from the Too Big to Fail doctrine and to fashion a new Glass-Steagall.