Yes, the financial regulation system needs overhaul, but the proposed plan is a Band-Aid for Wall Street's mortal wounds
Here's how to think about the proposed reform of financial oversight unveiled by Treasury Secretary Henry Paulson on Monday: The Federal Reserve Bank, whose job already includes regulating a large component of the financial system, has failed pretty badly at its tasks. The proposed solution-to give it more responsibility-seems ridiculous and hazardous.
Alvadore, like many dilapidated towns in modern-day America, is at the wrong end of an array of economic changes-from globalization to higher energy costs-and many of its citizens are falling through the social safety net. The result: increased hunger.
Sometimes progress is measured by half-court movements.
When I was in school, girls played basketball by different rules from the boys. We played on a half court and could only dribble three times before passing it. Girls were regarded as too fragile to run the distance. Now, tell that to the women in the WNBA.