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Elders of Wall St. Favor More Regulation

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HEADLINE MOST REMINISCENT OF TRIBAL WARFARE
"While [a] younger generation, very visibly led by Lloyd C. Blankfein, chief executive of Goldman Sachs, lobbies Congress against such regulation, their spiritual elders support the reform proposed by Paul A. Volcker and, surprisingly, even more restrictions," the New York Times reports. “I am a believer that the system has gone badly awry and needs massive reform,” said Mr. Bogle, the 80-year-old founder and for many years chief executive of the Vanguard Group, the huge mutual fund company."
SOURCE:   New York Times

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