The amount of desire for market reforms is inversely proportional to how well the public's portfolio is doing.
Noone wanted market reforms when their Enron stock was up 300% or when they owned a sizeable chunk of pets.com.
Hopefully this time we'll start to see some reforms that make sense.
Also of note: I don't think the legislative branch has any call on whether these shit companies get nationalized... it's up to the Treasury (exec branch) and the Fed (off on its own).
The amount of desire for market reforms is inversely proportional to how well the public's portfolio is doing.
Noone wanted market reforms when their Enron stock was up 300% or when they owned a sizeable chunk of pets.com.
Hopefully this time we'll start to see some reforms that make sense.
Also of note: I don't think the legislative branch has any call on whether these shit companies get nationalized... it's up to the Treasury (exec branch) and the Fed (off on its own).