Spitzer Describes Obama Financial Regulations as Insufficient; Uses ‘Titanic’ Metaphor

Speaking on WNYC’s The Takeaway this morning, Eliot Spitzer said he’s not impressed with Barack Obama’s new plan to regulate the financial industry.
“The reality is they had all the power they needed to stop the crisis, they just didn’t use the power,” Spitzer said, referring to existing regulatory agencies. He suggesting that the administration’s moves to strengthen those agencies might end up simply “re-arranging the deck chairs.”
You can listen to it here.

Spitzer Describes Obama Financial Regulations as Insufficient; Uses ‘Titanic’ Metaphor