Sunday, January 31, 2010

Volcker on regulation

Agree or not, Paul Volcker's op-ed piece today makes as solid an argument as I have seen for financial re-regulation. Well worth reading. My guess is that a critical mass of Republicans will go along with this initiative because of public hostility to the bailout and fear of attack ads in the fall. But how will the legislation change as it works its way through Congress?

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