Today's topic at my blog "Resurgence" on BigThink.com:
Separating The Piggy Bank From The Casino
It looks like Alan Volcker’s pleas are finally being heard in the Obama Administration. Volcker, a past Fed Chairman, has been advocating for a tighter rein on financial institutions since Barack Obama took office. But other voices, including those of Larry Summers, ex-Harvard University president and the current Secretary of the United States Treasury Department, dominated the early discussions about the strategy the White House pursued in an attempt to solve the banking crisis that threatened to cripple the country. Only now have Volcker’s ideas, described by one blogger as "separating the piggy bank from the casino" been taken seriously enough to be advanced as the latest proposal to reform our nation’s banks.
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