Warren’s Wall Street Reforms Would Just Make Banks Riskier
BySen. Elizabeth Warren has received a lot of attention for her new plan to complete the work of the Dodd-Frank Act. This plan would sow the financial services ground with salt as Rome did to Carthage, ensuring that nothing will grow in the future. It’s hard to understand why someone with her views is called a “progressive.” In the past, these opinions were called “reactionary,” reflecting a desire to return to the past because of a fear of both the present and future.
Take, for example, the idea of breaking up the largest banks. The contemporary financial world is larger and more complicated than it was in the past, and the biggest banks are one example of that. It might indeed be a good idea to break them up, but one wonders whether Sen. Warren and others have thought this through…
Warren’s Wall Street Reforms Would Just Make Banks Riskier
