Stock Rally Is Cold Comfort for Wall Street
I asked Colorado Governor John Hickenlooper what Coloradans are thinking about Wall Street and the banking industry these days. He said, "most people are pretty frustrated with the amount of regulation that seems to inhibit the ability of small banks to give loans and yet doesn't really -- what I hear from out here they feel that it hasn't sufficiently addressed issues surrounding Too Big to Fail and the excesses in some of the largest banks in this country."
It's hard to believe things won't improve for the U.S. economy -- indeed, as I mentioned, there are many signs things are improving already. But it appears it won't be Wall Street that pulls us out of the mud. And maybe that's for the best.
-- Written by Dan Freed in New York.
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