BUSINESS
07/18/2010 02:28 pm ET Updated May 25, 2011

Wall Street Reform Is Weak Because Obama Played Too Nice

There are loud cries that Obama has been anti-business. But one reason the reform package is rather weak is that Obama and his team refused to blame Wall Street bankers -- or the irresponsible regulatory record of the Clinton and Bush administrations -- for the catastrophe until much later in the process. "Playing nice" seems to be part of Obama's plan, but it is not working.

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