The Holes in Obama’s Wall Street Plan

by  

Print | No Comments | Share/Save

Published in The Daily Beast June 16, 2009 by William D. Cohan

The president unveiled his plan to regulate the financial industry on Wednesday, a blueprint full of lots of a good individual ideas. But, William D. Cohan says, it completely misses the consistent thread that prompted the economic collapse: Wall Street’s lack of accountability in the way it rewards itself.

As far as each individual proposal goes, it is hard to argue with the long-awaited Wall Street regulatory-overhaul plan that President Barack Obama and his two economic gurus, Larry Summers and Timothy Geithner, unveiled Wednesday after months of study, conversations, and roundtable discussions.

Link to full article.

Post a Comment