Tag Archives: finanical reform

Baby Steps

This week, Pres­i­dent Obama pro­posed reg­u­la­tory changes that would limit big banks, implic­itly those that received the guar­an­tee of a gov­ern­ment back­stop dur­ing the crash last year, from invest­ing for prof­its using their own hedge-funds or pro­pri­etary trad­ing desks. This would be an excel­lent first step in rein­ing in the power that the JP Morgans […]