The End of Wall Street as We Know It - Radical Proposal

The End of Wall Street as We Know It - The Gaggle Blog - Newsweek.com

The End of Wall Street as We Know It[...]

Surrounded by economic heavyweights called into the White House, President Obama announced today before the TV cameras that he wasn’t announcing anything new. [...]


That’s the official story. It’s utter nonsense. The actual story is that today’s proposal is totally new, far more radical than anything Obama and his top officials, mainly chief economic adviser Larry Summers and Treasury Secretary Tim Geithner, have proposed in the past.