'Wall Street Is Not Resistant To Change'

Here's a topical video courtesy of Bloomberg TV (see to the right).

H. Rodgin Cohen, chairman of Sullivan & Cromwell LLP, talks with Bloomberg's Deirdre Bolton and Jon Erlichman about the outlook for overhaul of financial industry rules.

Cohen also discusses the public image of Wall Street, the collapse of Lehman Brothers Holdings Inc. and the need for more transparent accounting practices of financial institutions.

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