Wall Street Journal — Draft Details New Rules for Markets
Proving that the best politicians are unselfconscious, President Barack Obama told the Wall Street Journal that he believes in a “light touch” for federal involvement in the economy in an interview about his proposals for the largest expansion of federal financial regulatory power in 75 years.
For those worried about a heavy hand, though, there is some good news. The complex plan produced by the Laurel and Hardy of economic regulation, Treasury Secretary Tim Geithner and National Economic Council Director Lawrence Summers, now has to wend its way through Congress, which, aside from being in a dither over health care, is currently busy with the abandoned bits of the Obama agenda.
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