For sixty four years, the world enjoyed some degree of stability, perhaps greater than at any previous period in history, with the United States performing the expensive, but indispensable role …
The Dodd Frank law was supposed to rein in abuses by Wall St. It was supposed to end “too big to fail.” It was supposed to end so-called “risky trading” by banks. Some of us knew better. Barack Obama was effusive in his praise of the bill as he signed it.