At The Wall Street Journal, Gerald Seib lays out President Obama’s biggest problem as he unveils his proposals for regulatory overhaul today -- the Goldilocks
“„The Federal Reserve will get more powers to oversee big financial institutions, large firms will have to raise more capital and meet higher liquidity standards, hedge funds will face higher scrutiny, and a new agency will be set up to protect consumers and small investors.
“„As soon as his plan is out, though, the president will have the Goldilocks problem. Some will think his proposals too hot, some too cold. Only some will think them just right.
“„Although it would strikingly reorganize the regulatory architecture, the president’s plan results from many compromises with industry executives and lawmakers, and is not as bold as some had hoped.