Monday, January 25, 2010
FT.com / Comment / Editorial - Obama erects a Maginot line
FT.com / Comment / Editorial - Obama erects a Maginot line:
The best that can be said for Barack Obama’s latest plan for financial regulation – banning deposit-taking banks from proprietary trading and capping financial groups’ market share of funding – is that it shows he now sees only radical policies can crisis-proof the financial system. But the claim that these ones will increase stability is misguided, if not misleading."
The best that can be said for Barack Obama’s latest plan for financial regulation – banning deposit-taking banks from proprietary trading and capping financial groups’ market share of funding – is that it shows he now sees only radical policies can crisis-proof the financial system. But the claim that these ones will increase stability is misguided, if not misleading."
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