War on Wall Street as Congress Sees Returning to Glass-Steagall - Bloomberg.com

War on Wall Street as Congress Sees Returning to Glass-Steagall - Bloomberg.com:

"Those banks may have lost some of their political influence as their earnings have recovered, said William Isaac, a former chairman of the Federal Deposit Insurance Corp. “The TARP legislation and the way it was administered was political dynamite for the banks,” said Isaac, now chairman of the global financial services unit of LECG Corp., an economic and financial consulting firm in Emeryville, California. “The public feels that this was all about protecting Wall Street and did nothing for Main Street, and it’s largely true.”"