I would much rather see punishment (which in the case of 2008 was nonexistent) of those who were guilty of breaking existing laws as an alternative to adding new laws which increase cost and legal exposure for everyone, the guilty and innocent alike.
Still worse is when the new laws not only don’t solve the problem, they exacerbate it. The Dodd-Frank law bakes in bailouts for the TBTF players, so they don’t even have to go begging to Congress like they did in 2008.
And the result, which should be to exactly no one’s surprise…
