Market Watch – No new president in the modern era, save for Franklin Roosevelt, has been handed an opportunity to remake the almost every part of the market. Barack Obama and his administration will decide everything from who lives and dies to what rules by which the survivors will play.
Roosevelt’s reforms lasted about 70 years. If the new administration, with the help of Wall Street, can build something that lasts half as long, I think everyone would be OK with that. Match FDR’s run, and history will see it as a rousing success.