Friday, January 22, 2010

Good Summary of "Glass Steagall Lite" - President Obama's Bank Regulation Proposals

From The Economist:

http://www.economist.com/opinion/displayStory.cfm?story_id=15374543&source=features_box1

Financial stocks got killed yesterday after the President spoke. As the article notes, it is not clear whether the regulations would have prevented the financial meltdown of 2008. However, clearly the President hopes to tap into the public's anger over Wall Street's resurgence.