Is Obama's Financial-Reform Plan Bold Enough?

It's not just that the Obama reforms are less ambitious than those of the Great Depression. They're also inspired by a very different interpretation of what went wrong. In the 1930s the overarching idea was that Wall Street had been very naughty and needed to be put in the penalty box — for good. This time the animating spirit behind the changes seems to be that regulators let a lot of things slip through the cracks, so there's a need both to give them ... Full Story »

Posted by Kaizar Campwala
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Posted by: Posted by Kaizar Campwala - Jun 18, 2009 - 7:39 AM PDT
Content Type: Article
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Edited by: Kaizar Campwala - Jun 18, 2009 - 7:39 AM PDT
Fabrice Florin
3.5
by Fabrice Florin - Jun. 18, 2009

Interesting observations on some key points in President Obama's financial regulation plan. While this article gives a helpful introduction to the topic, it is not comprehensive enough to give a full overview on this multi-facetted overhaul plan. In comparison, I find the Wall Street Journal's coverage to be more informative.

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Kaizar Campwala
3.9
by Kaizar Campwala - Jun. 18, 2009

A balanced analysis of Obama's financial regulatory overhaul. Fox argues that the plan is less sweeping than New Deal regulation because it assumes less malicious intentions on the part of the finance industry. I found this a worthwhile read.

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J Sinclaire
3.2
by J Sinclaire - Jun. 18, 2009

Some of this information seems inaccurate. Gretchen Morgen from the NY Times has described in great detail how there wasn't enough regulation, and not enough regulators! The SEC Office of Enforcement had been cut to 1 person! I'm not sure this is a very accurate article, but it does give a description of Obama's approach.

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Nureet Cohen
4.6
by Nureet Cohen - Jun. 18, 2009

It is a good explanation of the reforms the president offers.

I agree that the financial arena needs reforms. We can't be in a position where every few years people loose all they saved. It is very cruel.

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