Robert Kuttner: Next, Banking Reform
Co-Founder and Co-Editor of The American Prospect
It was a pleasure to see President Obama exercise some leadership and muscle towards health reform. Now, we need to see a similar display of presidential leadership on financial reform. The bill that passed the House last December is far too weak on all of the key issues. Gigantic banking conglomerates will remain "too big to fail." The next generation of bubbles is already incubating while we are still recovering from the damage of the previous one.
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