“Doubts on Regulation and Renewal Hang Over Wall St.” (TIMES, 1/1/10)


          If the “giants on the banking industry” made a comeback “because of taxpayer lifelines and other support from Washington,”what was remarkable about it?

          Despite their screwups, they got their money back. That being the case, why should anybody think they will “change the way they do business”?

          More importantly, why is Lawrence H. Summers still the “chief economic adviser to president Obama”? Isn’t Summers one of the “experts” responsible for the deep divide “between Wall Street and Main Street”?

          The USA needs oversight of its financial institutions. Summers is too close to Wall Street to be very effective.

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