Obama to act fast on financial rules
The financial gurus have repented. Paul Volker and Tim Guitner and their teams are looking to begin actually regulating the financial instruments that led to the financial meltdown.
For example, credit raters are often paid by the inventors of tricky financial products to help construct products that the raters then rate. That is like being able to write your own performance review. Go figure?!?!
2 hours ago