Econ 479

The Art of Writing, the Science of Economics

Who’ll Rein In Wall Street?

Notwithstanding the New Democrats, tougher regulations are not only good for the economy, they’re good for the Democratic Party. If Democrats fail to rein in Wall Street’s riskiest practices, says one unorthodox Democratic financier, “there’s a real possibility that the Democrats will be answerable for Catastrophe Round Two. If the stock market pops again, placing major strains on banks that have been engaging in these very risky practices, the evidence trail this time will lead straight to the Democrats.”

A solid op-ed piece from the Washington Post. More here.

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Written by gregorymcnamee

October 14, 2009 at 3:02 pm

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