Your weekend reading assignment is this terrific long form piece by Senator Ted Kaufman, titled Wall Street Reform That Will Prevent The Next Financial Crisis.
I do not know anything about him other than to say that he understands the recent crisis and is proposing reasonable fixes.
The Senator wants to restore Glass-Steagall, and repeal the Commodity Futures Modernization Act of 2000. He supports the Volcker rule and is against TBTF. He favors cutting the behemoth banks down to size, and wants to give a “too big to fail” resolution authority to a single entity.
That’s a good start as anything else floating around D.C. . . .
Wall Street Reform That Will Prevent The Next Financial Crisis
Senator Ted Kaufman
March 11, 2010
WALL STREET REFORM THAT WILL PREVENT THE NEXT FINANCIAL CRISIS (PDF 163.7 KB)