The financial system is still blinking red. We need reform more than ever | Rana Foroohar

Sep 15, 2017 | Military | 0 comments

Fixing our financial system will be the key not only to stable growth, but also to stable politicsIt’s an amazing fact that a decade on from the financial crisis, Americans are still arguing about how to reform our financial system. Even as the Trump administration argues for a roll-back of the hard-won Dodd-Frank banking regulation, it’s worth noting that disenchantment with Wall Street is, paradoxically, one of the things that brought the president to office. Since 2008, the markets have soared, but Main Street has suffered. That disconnect was expertly exploited by the president, who, despite his many lies, had the advantage of being a political “outsider” who told some important truths about the economy that resonated with voters. Continue reading…

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