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merrily

(45,251 posts)
1. Don't breathe too easily 99%. Geithner had a lot to do with shaping post-TARP regulation.
Mon Jan 12, 2015, 10:40 PM
Jan 2015

And Bernanke and others, like Summers, who urged Bubba to lobby Democrats for passage of Gramm, Leach Bliley (aka repeal of Glass Steagall).

So, even if you get strict enforcement, which is always unlikely with the federal government, we still have to worry about what is and is not prohibited, limited, regulated, etc.

As Warren often points out, the game itself is rigged. So, while ensuring that people at least follow the rules of the game helps some, the rules themselves that need drastic changing. That said, if you hear the word "reform" these days, don't expect much that is good.


ETA: None of the above was meant to take away from Warren's opposition to putting yet another fox in charge of the rigged henhouse. She did a good thing.

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