In response to yesterday's post suggesting that Washington do more to attract out-of-work finance types, a smart financy type who recently came to Washington e-mails:
I totally agree with you that the progressive community needs to be pushing ahead much more aggressively on reg reform. One thing you didn't mention is that the fin. services community has basically largely been dusting off their old "competitiveness"/deregulation proposals from 2004-7 and recasting them as "regulatory reform" proposals now. Paulson's original blueprint was totally cut from this cloth, and contained a number of wishlist items.
But while I agree that more resources ought to be directed towards getting top notch financial folks, I think you're glossing over a couple of real issues with taking folks from Wall Street.
His e-mail continues below the fold: