Saturday, October 31, 2009

Summary of criticism of the Frank Bank bill

In yesterday's blog I mentioned that the bill that came out of Rep. Barney Frank's Financial Services ommittee was facing strong criticism. Since I was concentrating on proposals to bring back the Glass-Steagall legislation that was repealed in 1999, I didn't go into specifics of Frank's bill, but here is the NY Times editorial critique from today's paper:

http://www.nytimes.com/2009/10/31/opinion/31sat1.html?_r=1&th=&adxnnl=1&emc=th&adxnnlx=1257001413-/WwcH/m6UoZLccScyuFVXg

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