More links

Two additional articles worth reading:

Stress Tests and the Nationalization We Got, The Baseline Scenario

SEC Squanders a Shot at Reform, Wall Street Journal

Basically we’ve lost all momentum for reforming the banking sector, and it’s unlikely to come back. Business as usual will continue.

And:

Our Future as a Financial Colony, Brad DeLong

So much for American hegemony – maybe. We’ll see.

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