5 Major Wall Street Problems the Current Finance Bill Won’t Fix

By Zach Carter President Barack Obama identified five major problems on Wall Street in his speech at Cooper Union today. Unfortunately, the solutions he has proposed to these problems either will not work, or are not included in the legislation that passed the Senate Banking Committee under the stewardship of Chris Dodd (D-CT). Here they are, one-by-one: Too Big To Fail Everybody agrees that too-big-to-fail is a major problem. Obama wants to end the era of big bank bailouts by establishing a new “resolution mechanism” that will [...]