Goal for Goolsbee

Capt Robert Hatch: "Where do I stand for a corner kick?"
Capt John Colby: "At the far post, facing the ball."
Capt Robert Hatch: "Thanks. For a while there I thought you were keep it a secret."
--Victory

White House economic adviser Austan Goolsbee doesn't believe that the repeal of Glass-Steagall was (note pervasive use of past tense now) a primary cause of the financial crisis. This is one of the few intelligent statements I've heard from this administration's economic team.

Lack of regulations over operations is not a problem.

Rather, protecting sellers and buyers from market-imposed penalties for poor risk-taking is a significant problem.

And this is what we've done.