How Would You Simplify the Financial-Reform Bill?
Three decades of “Radical Deregulation” freed banks to engage in all manner of reckless behavior. Leaving the status quo in place guarantees another crisis in the future. Historical patterns suggest the next calamity will dwarf the collapse of 2007-09.
A great article on how to fix the United State’s financial system, asking the question “if you were writing the financial-reform bill and, instead of more than 2,300 pages, were limited to five specific reforms, what would they be?”