The Government’s Elite and Regulatory Capture - DealBook Blog - NYTimes.com

The fate and scope of financial reform is now left to the Senate and House conference committee, which is putting together the final bill. It is an unsettling time as the struggle over derivatives reform, the Volcker Rule and untold nuances and seemingly minor provisions are left to jockeying among elected representatives. Yet, while there are many good things in the bill that should form the core of any financial reform and subsequent acts by Congress, there is one area — perhaps the key one — that this bill fails to address.

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Tags: bailout, financial crisis, financial reform, capture, business power, ideology

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