“Financial reform, as it is called, shouldn’t be all that complicated. Break up the banks deemed ‘too big to fail,’ since that offends any possibility of market discipline and puts taxpayers on the hook for future bailouts. Crack down on gambling with other peoples’ money in the financial casino. Give consumers a cop on the beat to protect them from the cons and frauds. Tax the big guys to get our money back. Outlaw compensation schemes that give million dollar incentives to make risky bets. But, of course, finance is its own world, with its own patois, ethos and interests. And banks and regulators have a strong interest in making this stuff complicated.” (03/10/10)