Thursday, January 21, 2010

Right on queue?

Yesterday I (once again) exhorted Obama to listen to Volker.  And today he seems to be doing it.  Yeah!

I'm not sure why they are drafting a whole new set of legislation.  This was made illegal right after the Great Depression.  All they really needed to do was repeal Gramm-Leahy, which had suspended the depression-era law.  We'll need to watch this new legislation closely.  I have not been impressed with this administration's ability to get the details right.

1 comment:

  1. They should replace Bernanke with Volcker, for sure.