Contains twenty-four essays that offer varying perspectives on issues related to the reform of Wall Street, discussing causes of the financial crisis, whether or not financial reform is needed, and the effectiveness of legislation.
Content Note
Wall Street is to blame for the financial crisis / Charles Hurt nad David Seifman -- Wall Street is not to blame for the financial crisis / Mark Gimein -- Government mortgage practices are largely responsible for the financial crisis / Charles W. Calomiris and Peter J. Wallison -- Government mortgage practices are unfairly blamed for the financial crisis / Richard F. Syron -- Deregulation is to blame for the financial crisis / Shah Gilani -- Deregulation is not to blame for the financial crisis / James L. Gattuso -- Many share the blame for the financial crisis / Mortimer B. Zuckerman -- Wall Street needs reform / Carl C. Icahn -- Government fiscal policy needs reform before instituting Wall Street reform / Martin Hutchinson -- Government should revamp the regulation system / Jesse Elsinger -- Government should oversee the shadow banking system / Stephen Spruiell and Kevin D. Williamson -- The government should regulate derivatives trading / Michael Greenberger -- Government should not over-regulate derivatives trading / David M. Mason -- Government reform will hurt small lenders / Blaine Luetkemeyer -- Big banks have too much political power / Simon Johnson and James Kwak -- The financial reform bill will make big business more responsible / Barack Obama -- The financial reform bill will lead to more bailouts / William P. Hoar -- The financial reform bill will create crony capitalism / Paul Ryan -- The financial reform bill needs to ensure that no bank is "too big to fail" / Thomas Hoenig -- Legislation already exists concerning "too big to fail" / David Zaring -- The financial reform bill should force high-risk derivatives trading out of banks / Blanche Lincoln -- The financial reform bill should not force high-risk derivatives trading out of banks / Sheila C. Bair -- The financial reform bill is so gutted that it will change nothing / John Berlau -- Even the gutted reform bill will provide meaningful change / Zach Carter.