Column: Sure-Fire Crowd Pleaser: Reining in Wall Street
Author: John Harwood, New York Times
Mar 08, 2010
"For President Obama and Congressional Democrats, public opinion this past year has mostly gone in the wrong direction — on his job performance, on health care and economic stimulus, on midterm elections.
But there’s one conspicuous exception: the president’s call for reining in Wall Street. The nation’s continuing angst over bailouts, bonuses and bad mortgages has made sure of that.
Three-fifths of Americans supported tougher regulation of Wall Street in April 2009, according to Pew Research Center polling. Despite rising disaffection with government, three fifths still supported it last month."
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Have You Heard?
"Meaningful reform of our financial regulatory system is finally within reach. The opportunity to pass such a comprehensive overhaul may not come again in our lifetimes."
Source: Sheila Bair, Chair, FDIC