Steven Pearlstein of the Washington Post writes a very informed column about the world of finance. He knows more about finances and the people who live in the U.S. financial system than most people alive.
So it's worth listening when he says that it's time for the Federal Reserve to "fix" the financial system. Fixing it, Pearlstein writes, is something that "surely the overpaid lawyers and investment bankers who created the shadow banking system are clever enough to figure it out."
See Mr. Pearlstein's proposed solutions here in his recent article, Socialism For Investors, Capitalism For Everyone Else in THE WASHINGTON POST.
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