Strengthen financial reform.

• Author: Peters, Charles
• Position: TILTING at windmills - Brief article

I worry that the prolonged domination of the media by the Gulf disaster is resulting in too little attention to financial reform. Media sunshine is desperately needed to keep Wall Street lobbyists from weakening reform. Indeed, the proposals of both the Senate and the House bills need strengthening rather than weakening. Those sophisticated in the ways of Wall Street say the prohibition against proprietary trading by banks can be evaded by hiding it under the guise of other kinds of trading. Why not take care of that problem by prohibiting all trading by banks--it is risky and does little good for the economy as a whole. My...