Controlling Wall Street

Excellent article by Michael Lewis and David Einhorn on the deeper, yet not addressed issues of the financial crisis: The flawed checks, balances and incentives of Wall Street. Among the suggestions to fix: "Stop making big regulatory decisions with long-term consequences based on their short-term effect on stock prices."

Amen.

(Incidentally, Lewis wrote Liar’s Poker, so his coming book on this financial crisis is going on my shortlist right now.)

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