Financial 'Reform' or Revenge?

This is an opinion item.

Author(s)	Robert J. Samuelson
Source	Newsweek
Date	July 6, 2010
URL	http://www.newsweek.com/2010/07/06/financial-reform-or-revenge.html
Quote	"The trouble is that—contrary to conventional wisdom—"too big to fail" was just a symptom of the crisis, not its basic cause. That was old-fashioned bad lending: home loans to borrowers who couldn't repay. The panic arose because no one knew the size or location of the losses, now estimated to exceed $1 trillion. Ironically, the legislation may weaken the government's ability to quell future panics by restricting-in highly technical ways-the Fed's authority to lend to panic-stricken institutions in the midst of crisis."

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This item argues against the position Act should be passed on the topic Restoring American Financial Stability Act.