Steven Rattner: The rage of the citizenry demands tough bank rules

Steven Rattner: The rage of the citizenry demands tough bank rules Let’s agree that a lot of bad stuff happened along the way to the 2008 financial meltdown and that a good portion of the responsibility can justifiably be laid at the feet of the Wall Street community.

Whether or not laws were broken, the lack of discipline and inadequate controls around many lending and risk taking practices certainly merit some version of the vigorous rethink of the regulatory apparatus that is now in process.
http://link.ft.com/r/4RNQTT/XH0TWF/LQER5V/NJSMHM/FKEM23/B7/h?a1=2011&a2=10&a3=4