On Wall Street the past year was filled with one opportunity after another to fix the myriad fundamental structural deficiencies — revealed all too painfully by the financial crisis — that continue to plague the nation’s economic outlook. But as we enter 2010, not a single one of the “systemic failures” in the financial system has been adequately addressed, let alone resolved. This ongoing failure to act in the face of the worst economic downturn since the Great Depression is especially disappointing since President Barack Obama was elected, in part, on a promise to bring constructive and lasting change to the canyons of Wall Street.
