Obama believed that hiring Larry Summers and Tim Geithner to rein in Wall Street was equivalent to FDR putting Joseph Kennedy, the swashbuckling scion of the Kennedy clan, in charge of the SEC in 1933.
Former Bush economic adviser Larry Lindsey recently came up with a good idea in the Wall Street Journal to unclog the tightening credit arteries: Allow manufacturers and retailers to open up their own in-house banks or financial institutions that could borrow and lend money.