Saturday, March 27, 2010

Paul Krugman on financial reform

In a sentence, Paul Krugman echoes my fears on financial reform:
I’m all for passing reform. But I’m not that optimistic that it will work, even if it passes.

3 comments:

  1. Damn - that's dead on. I agree - the Frank bill seems much better. Based on the description of the Dodd bill, it doesn't even sound like reform, just the same sh*t we had in place before. Discretionary policy will eventually lead to corruption.

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  2. IMO, more distraction from the fact that the wealthy individuals behind the World Bank, BIS, and IMF run the show and have run the show for some time. None of this will change, so no reform -- this is just a for-show propaganda effort to appease the masses.

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  3. The masses don't care...they are too busy watching "Dancing with the Stars". The few that care are, well, just too few.

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