JCL Blog

Seven Years to the Next Bubble Bursting?

I have posted several rants in the past about Wall Street and Washington, so now that the reform bill is reaching what appears to be its final form I suppose I should follow up.

As with just about anything anymore, these complex problems seem to require complex fixes.  I thought putting Glass Stegal back in and putting greater restrictions on publicly traded companies that trade for their own account would do the trick -- but hey -- I am definitely not an expert.

Here is a good article by Gretchen Morgenson from the Sunday NY Times that more or less boils it down.

Some good parts, some bad parts, but in the end there are still going to be banks that are too big to fail.  So set your alarm clock for seven years from now and hold on for the next round of the roller coaster.