Lenzner: Stress Testing the Obama Plan

by Benjamin Domenech on 7:18 am June 22, 2009

“The financial system is a creator of risk,” President Barack Obama’s economic guru Larry Summers said in a little-noticed speech given at the Council on Foreign Relations on June 12. Well put. The acid test of whether the new Obama plan for overhauling Wall Street will protect us from a repeat of the financial disasters of the past two years is how systematically it addresses that creation of risk.

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