socialmedian: Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

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Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

Nov 08, 2009

Summary

The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many -- including Paul Volcker, the chairman of the White House's own Economic Recovery Advisory Board -- to break up too-big-to-fail banks. Those behemoths, cushioned by the government's bailouts, low-interest loans and guarantees, are back making bets that put the entire system at risk.