Friday, January 22, 2010

Stop the Presses

Unless someone can show me why I shouldn't, I suppport President Obama's decision to turn banks into ... banks ... and not excessive-risk-taking investment houses. That's how it was just a few years ago, and Obama, I think, is just trying to return us to the pre-financial crisis status quo. Assuredly there were other reasons for the crisis (such as Barney Frank forcing institutions to lend to people who were bad risks), but this seems to be a good start on addressing some of the systemic issues.

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