Here’s a little recap from the Washington Post on the Senate’s progress with financial reform.
I got a special chuckle out of the reference to capitalizing on public anger over Wall Street excesses.
I guess Chris Dodd and his Beltway Boys haven’t been reading this blog.
And in a related development, I’ve just polished off “The Big Short” by Michael Lewis, and watched a couple of his television appearances. Suffice to say that Mr. Lewis hasn’t softened my hardened view of Wall Street bankers.
“Inside the financial world, there is a [mind-set of] ‘please stop us before we kill again,’” Lewis said.
Here’s a piece from the Motley Fool on Lewis, whose take on the aforementioned excesses is pretty interesting.