President Obama returned to Manhattan to lay out his vision for Wall Street reform now inching its way through Congress. Former deputy Comptroller of the Currency Robert Bench, now a senior fellow at the BU Law School’s Morin Center for Banking and Financial Law, says the proposed reforms don’t go far enough at reining in Wall Street’s excesses.
“Financial reform should be directed at capturing billions of profits into building capital and reserves at financial institutions. They need to become fortresses of finance rather than perpetual wards of the state.”
Contact Robert Bench, 617-353-5428, email@example.com