Wall Street’s Game of Risk with Greece

This week the US Senate finally started getting around to changing the rules that led to Wall Street’s disastrous meltdown two years ago. But debate over the so-called Dodd bill is gridlocked, even though no one thinks the bill is strong enough to stop Goldman Sachs and company from doing again what got us to where we are today. Meanwhile, as Washington bickers, Europe is starting to burn. A once-small budget crisis in Greece is metastasizing so quickly that it’s now threatening to plunge not just Europe but America and the world back toward the global fiasco we faced two years ago.