Failed financial reform--and presidency

http://www.marketwatch.com/story/conspiracy-of-weasels-is-killing-real-reform-2010-07-06?pagenumber=1

The Fed's "two decades of cheap money" turned "the Street over to the traders. That led to a very different way of doing business" which former UBS trader Philipp Meyer says is very simple: "With a trader, the goal of every minute of every day is to make money. If running the economy off the cliff makes you money, you will do it, and you will do it every day of every week." Morality, ethics and the public interest are irrelevant in the Weasel Conspiracy's business model. All that matters is making money, making it fast.

Back in 2002 former SEC Chairman Arthur Levitt told Fortune: "America's investors have been ripped off as massively as a bank being held up by a guy with a gun and a mask." Sadly, Levitt now consults for Goldman.