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False Profits by Dean Baker

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SEVEN

Reforming the Financial System

The U.S. financial system is badly in need of reform. This country is paying an incredibly high price for abuses and mismanagement within the financial sector. However, reform will not be an easy task. In spite of all the damage the banks have wreaked, in spite of the fact that they were forced to run to the government begging for bailouts, they are still prepared to fight tooth and nail against any reform that will limit their power and profitability. And given their enormous political power, this is a battle they still have a chance to win.

This chapter lays out a reform agenda that focuses on the two most ...

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