Daily Archives: August 12, 2010

Epstein joins Triple Crisis Blog, questions U.S. financial reform

Gerald Epstein

Gerald Epstein, UMass Amherst economics professor and chair, co-director of the Political Economy Research Institute (PERI) and co-coordinator of the Economists’ Committee for “Stable, Accountable, Fair and Efficient Financial Reform” (SAFER), has joined The Triple Crisis Blog as an active contributor.

His recent contribution, “U.S. Financial Reform:  The end of the beginning, or simply the end?” discusses the passage of  the Dodd-Frank Wall Street Reform and Consumer Protection Act, labeled by the media as “the most sweeping financial reform since the Great Depression.”  However, many economists do not feel that enough was done to protect tax payers or, for that matter, to end “too big to fail” banking.  Instead, they are viewing the reform act as round one, contending that round two should continue to push forward the ideas that were blocked or defeated in round one.