Obama and Congress move forward with mild bank reform

While it's not a bad idea to pave the way for a takeover of a troubled bank, this reform is once again, much too weak. It barely can even be considered reform. The more serious approach - which was implemented in the Netherlands for ING and now starting in the UK - is to break up the "too big to fail" banks before they become another problem. As mentioned, earlier, the US decision makers are behind the curve on this issue.

Some of the experts supporting the "break them up" reform including Paul Volcker, Paul Krugman, Robert Reich, Sheila Blair and even Alan Greenspan who now sees the error in his previous support of repealing the Glass-Steagall Act. If Greenspan can admit a mistake (or at least see the light the second time) maybe there's still hope for Congress and Obama. The proposed reform by Obama and Congress sounds like it's addressing the problem, but it's still leaving taxpayers with much too much risk. Hasn't everyone had enough of that?