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Judge Posner on Financial Reform and the Consumer Financial Protection Bureau
Truth on the Market
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Judge Posner offers his thoughts on financial reform, mostly negative, at Bloomberg. The thrust of the essay is that the financial regulation produced by the political process has, at best, a poor nexus to the actual causes of the economic crisis, and that what we are left with is primary reorganization and reshuffling to look busy. Judge Posner discusses the political advantages to reshuffling as a response to government failure…
