Relevant:
- Wall Street frets as Volcker Rule nears vote
- Top Lobbyist on Wall Street Reform Happens to Be the White House
- Banks Will Always Suck At Trading, Badly Need A Volcker-Like Rule: Study
- Senators near agreement on financial regulation
- Pressured by White House, Treasury Secretary Is Expected to Stay at Post
2012-11-14 — propublica.org
Surely, reformers can now ride in and save the day, right?
Alas, no. While the rule making will speed up, the core problems with the financial system and its regulators are deeper than personnel and sadly impervious to which party occupies the White House. They are bipartisan and structural.
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