Five Steps to Real Financial Reform

As news spreads across the Capital that Senator Dodd and Senator Corker have reached agreement on a compromise plan for financial regulatory reform, Reid Cramer has a piece in Mother Jones magazine outlining the five critical benchmarks for real financial reform.

Here are the headlines on the five steps he outlines:

1. Fix the big picture, not just individual firms.
2. Separate retail banking from the casinos.
3. It’s the consumer, stupid.
4. Keep it simple.
5. And for heaven’s sake, limit executive pay.

Read the whole thing.