Depends how you measure “better.” Obviously, it’s better than 2008, when an entire nuclear financial bomb was dropped into the center of the system.

It’s “better” because after years of taxpayer bailouts and artificially low interest rates, the banks had time to unwind all those crap mortgages and the derivatives that were built on top of them. That all worked fine, although we’re still paying the price for it.

It’s not better because of Dodd-Frank; and the behavior of the bank stocks after Trump’s election shows what the people who really understand the financial system think of D-F.

Written by

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store