Geithner will fail because he works for Obama, just like anyone else would.
I agree with the need for better, not more regulatory oversight. More unenforced rules will accomplish nothing. We are already at the point where the average business manager has no idea what rules he is supposed to be complying with.
“Wall Street could soon be located in London, Singapore, or Hong Kong. Is that what we really want?” Change the “could” to “will.” Wall Street is done. Federal, state and city taxes, regulations like SOX, government interference, and the coming weak dollar have destroyed the American financial industry.
As for the complaints about executive compensation – I tire of the author’s working class drivel. I thoroughly reject the idea that any private citizen’s compensation is the government’s or public’s business.
