It’s just boggling:
Historians will probably conclude that the package of reforms was surprisingly modest given the depth and severity of the 2008-09 financial crisis. A harsher historical judgment might find that the political and economic power wielded by the financial industry in the late 20th and early 21st centuries was so extensive that it could weather a near total collapse of the system without having to yield its power or privilege.
I don’t doubt that there are some actually useful reforms included, or that some are misguided. Â But that is mere quibbling around the edges. Â Nothing in this bill acknowledges the failures of the premises that are central to the system.
Warren
Such as the premise that everyone should own a house, whether they can afford it or not?
MB
I don’t think that’s anyone’s premise. But if your point is that home-ownership is overemphasized in some circles, I’m onboard with that.