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
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.