Gretchen Morgenson in Sunday’s NYTimes bemoans the financial reform package that seems ready to go to a vote this week. She gets strong backing from Richard Fisher, president of the Federal Reserve Bank of Dallas. His money quotes:
The misuse of leverage is always the root cause of every financial crisis.
Why should you have a small group of institutions get an advantage simply because they have grown too large? It’s un-American; it’s not what makes this country great.
