Sheila Bair: 5 Steps Obama or Romney Must Take to Fix Wall Street

Found via The Big Picture.

The former head of the FDIC warns that the financial system remains far from stable – and that regulations like the Volcker Rule may be too complex to be effective. These five steps, she suggests, could lead to more sensible reforms.

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The five steps mentioned in the article, without the elaboration:

1. Break up the “too big to fail” banks
2. Publicly commit to end bailouts
3. Cap leverage at large financial institutions
4. End speculation in the credit derivatives market
5. End the revolving door between regulators and banks