Paul Krugman in the New York Times: Dodd-Frank is working

Wall Street Vampires
Paul Krugman
May 11, 2015

Last year the vampires of finance bought themselves a Congress. I know it’s not nice to call them that, but I have my reasons, which I’ll explain in a bit. For now, however, let’s just note that these days Wall Street, which used to split its support between the parties, overwhelmingly favors the G.O.P. And the Republicans who came to power this year are returning the favor by trying to kill Dodd-Frank, the financial reform enacted in 2010.

And why must Dodd-Frank die? Because it’s working.

This statement may surprise progressives who believe that nothing significant has been done to rein in runaway bankers. And it’s true both that reform fell well short of what we really should have done and that it hasn’t yielded obvious, measurable triumphs like the gains in insurance thanks to Obamacare.

The full article is available here: http://www.nytimes.com/2015/05/11/opinion/paul-krugman-wall-street-vampires.html?ref=opinion&_r=0

Related Posts

Previous Post
Do US Treasuries need dealers or is there enough liquidity already?
Next Post
DataLend: Securities lending top 10 earning equities – May 11, 2015

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account