Fractured Wall Street Fairy Tales #3: It's a Kinder, Gentler, Chastened Wall Street

Joseph L. Shaefer submits:

In his interview with the Wall Street Journal on Friday, Treasury Secretary Timothy Geithner said the Obama administration “wouldn't allow Wall Street to return to such old habits as taking on excessive risk,” or that Wall Street could be “returning to business as usual.”

"I don't think the financial system is reverting to past practice, and we won't let that happen," Mr. Geithner said.

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