This content is from: Premium

Lewitt lambasts toxic financial products, calls Volcker plan weak

The opinionated veteran investor says that the government's efforts to target weak reforms at banks that are considered "too big to fail" ignores the risks posed by the continued existence of toxic financial products.

Harch Capital Management chief Michael Lewitt is back with another trenchant social commentary wrapped around a macroeconomic analysis. He attacks the Obama administration for failing to address systemic risks in the financial system, calling the plan pitched by former Federal Reserve chief Paul Volcker too weak. He also

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content