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Will banking reform be just smoke and mirrors?

Posted Mar 17th 2009 8:30AM by Connie Madon (RSS feed)
Filed under: Federal Reserve, Financial Crisis

U.S. Treasury Minister Geithner is scheduled to meet with a U.S. House of Representatives committee on March 26. But if you think this means reforms are coming, think again.

This sentence pretty much sums up the pending reforms to our banking system: "Banks and financiers are already pushing back against some proposed changes, marshaling impressive armies of lobbyists and calling on deeply entrenched political allies for help."

Continue reading Will banking reform be just smoke and mirrors?

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