William D. Cohan / Wall St. excesses are back (and so are the Hamptons) - Press of Atlantic City: Commentary

William D. Cohan / Wall St. excesses are back (and so are the Hamptons)

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Posted: Monday, September 16, 2013 12:01 am

The most disappointing fact about how little things have changed on Wall Street five years after the collapse of Lehman Brothers Holdings Inc. is not that the Dodd-Frank Act is ineffective. Or that no substantive regulations are in place that might prevent the recurrence of a crisis. Or that no Wall Street executive has been held even remotely accountable for failing to manage his firm effectively. Or even that the Federal Reserve's easing policies have mostly propped up Wall Street banks at the expense of American savers.

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