Financial Times (January 22)
2010/ 01/ 22 by jd in Global News
President Obama’s banking proposal is “misguided,” “misleading,” and it won’t “stop banks from putting insured deposits at risk.” Banks will find new ways to lose money. Moreover, the shadow banking system, responsible for much of the current crisis, goes largely unreformed. The newspaper even writes the proposal could “make the system less, not more stable.”
