The vote last week to continue to dismantle key parts of the Dodd-Frank financial reform legislation was deeply disappointing and exceptionally foolish.
In 2008, the world's financial system came within a hair's breath of complete collapse, because so many of the world’s financial players were too big to fail. That has not changed and it must.
We have a choice, if capitalism is to survive, of breaking up big financial institutions so that an individual failure can no longer crash the entire system, or of enacting regulations to require these enormous institutions to be better stewards of our collective financial fate. The entire Congress and the Administration have failed to protect our financial security.
Protecting our financial system from collapse isn't a partisan issue, it's an issue of global security.
None of us should support any candidate, left, right or center, who continues to play politics with our financial future by taking short-term, politically-motivated votes which put our country in grave danger.