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Deconstructing the Administration's Financial Reform Program
Epstein, Gerald | 10/1/2009
Abstract:

In this article for New Labor Forum, Gerald Epstein describes the Obama-Geithner plan for financial reform as “mostly inadequate to the task.” Epstein reviews the plan point-by-point, indicating particular areas of concern and describing the current discussion among progressive economists on alternative approaches to each goal. He looks to a coalition of unions, economists, and concerned citizens to oppose the administration’s proposal, stand up to the pressure of banking lobbyists, and demand that President Obama deliver on his promise that “financial institutions that pose serious risks—systemic risks—to our markets should be subject to serious oversight by the government.”

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