Matt Taibbi: Obama's Wall Street Reforms Likely To Be Lame Again In Second Term

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Matt Taibbi: Obama’s Wall Street Reforms Likely To Be Lame Again In Second Term

Matt Taibbi: Obama’s Wall Street Reforms Likely To Be Lame Again In Second Term

Nope. No changes but more rewards from here.

HuffPO-

The Obama administration in its first four years didn’t take a hard line on Wall Street reform, and that probably won’t change, according to Rolling Stone writer and infamous Wall Street hater Matt Taibbi.

The administration might “keep sitting on their ass,” Taibbi told The Huffington Post in a phone interview late Wednesday. Taibbi said he believes that the president could have won in a landslide if only he’d called the financial industry to account for the mistakes that brought on the mortgage meltdown, financial crisis and recession.

“They kept the status quo,” Taibbi said. “The bailouts and policies were totally continuous with Bush’s.”

Those affected by the foreclosure crisis, which many blame on Wall Street, would have been more likely to vote for a president who went straight for the institutions that threw the housing market and economy into a tailspin, Taibbi said.

[HUFFINGTON POST]

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