On Not Understanding Financial Service Reform Legislation

by Pejman Yousefzadeh on April 25, 2010


Point taken, and to be sure, the media can and should do a much better job of reporting on the details of the financial service reform legislation currently before Congress. But how many people actually believe that the politicians are really any more on top of those details? We saw in the debate over health care reform that the political class knew nothing about the bill so many of them supported; Nancy Pelosi, as has been reported before, even went so far as telling us that we needed to pass the health care reform bill so that we could find out what was in it. Does anyone really think that the situation will be different for financial services reform, a subject that is at least as complicated as health care reform?

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