This is an interesting article on how Larry Summers and Tim Geithner have successfully neutralized Paul Volcker’s attempts to create meaningful reform in the financial industry.

The subtext that the article misses is that this is that this is not Summers’ or Geithner’s doing, it is Barack Obama’s doing.

The fact that Paul Volker has been marginalized is obvious to anyone with two brain cells to rub together, and President Obama is not a stupid man.

The increases in regulation and the reform have been held to a minimum because that is what Obama wants.