Tag Archive for Dodd-Frank Reforms

Are US Banks Still ‘Too Big to Fail’?

President George W. Bush speaks on the phone in the Oval Office, Oct. 7, 2008, with Prime Minister Gordon Brown of the United Kingdom, discussing efforts to solve the spreading global financial crisis. (White House photo by Eric Draper)

The U.S. economy’s long slog back from the 2008 financial crisis has tried to ignore the looming question of whether a repeat is likely. Some economists think the Dodd-Frank reforms have largely ended “too big to fail” risk-taking but others aren’t so sure, as Michael Winship notes.

Financial Magic Thinking Dies Hard

Since the early supply-side days of Ronald Reagan, the Right has pretended that slashing taxes on the rich will generate extra revenue, thus more than paying for itself. The reality has turned out differently, but Michael Winship says that hasn’t changed the determination to bend reality to politics.