Financial Reform Roundup: Banks "Built on Sand"
Financial reform news from around the Web:
- The 1,300-page financial reform bill before Congress contains plenty of controversial provisions. Here's a rundown of five issues that promise heated debate between lawmakers and lobbyists. [Mother Jones]
- An anonymous veteran banker opens up about what he sees as a faulty financial system and the necessity of breaking up banks that are Too Big To Fail. He also discusses the need for whistleblower protection. [The Huffington Post]
- Michael Lewis: Good financial reform will make all banks less profitable, but if nothing changes, another crisis will occur. "The financial world feels like it's built on sand right now." [Los Angeles Times]
- One columnist asks whether it's too soon for financial reform. He argues that before rushing to pass a bill, Congress should finish investigating the causes of the financial crisis. [The Atlanta Journal-Constitution]
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