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>The world of finance looks very different today than it did 10 years ago. Not really. >In the years since 2007, we have made great progress in addressing the

>The world of finance looks very different today than it did 10 years ago. Not really. >In the years since 2007, we have made great progress in addressing the too-big-to-fail dilemma. Not really. >There are no easy answers, but a start would be to look ... [at] ... new “regulatory sandboxes,” where fintech companies can cooperate with regulators to ensure the safety and soundness of their businesses. Here's the meat. Wall Street doesn't want their business automated by SV (as alluded to in the article), so even though they endlessly fight regulation of their own industry, the have no problem suggesting regulation for the SV little brother.

e40 9y ago
In the years since 2007, we have made great progress in addressing the too-big-to-fail dilemma. In fact, there is movement in the wrong direction.
yardie 9y ago
> we have made great progress in addressing the too-big-to-fail dilemma We got rid of a lot of big, too-big-to-fail, banks since then. The problem is we got rid of a lot of too-big-to-fail banks.
- Clubber 9y ago
  Warren says the sum of the too-big-to-fail banks is even bigger than it was in 2008. Also, Trump is trying to scale back the regulations put into place after 2008. http://www.wsj.com/video/elizabeth-warren-too-big-to-fail-banks-now-even-bigger/311C0E9A-4424-4E7F-97F4-684EF6A68A51.html http://www.wsj.com/video/elizabeth-warren-too-big-to-fail-ba...
- thephyber 9y ago
  I think you're taking liberties with the term "got rid of". Those banks that we "got rid of" were just consolidated into other "too big to fail" banks. And even worse, the ones that survived learned that the White House and Congress will backstop them even when they crank up the risk, use corrupted ratings agencies, and sell mortgages of the worst quality to Fannie Mae + Freddie Mac.
AnimalMuppet 9y ago
Well... one could argue that, for any new financial product, the skepticism (and therefore level of regulation) should be very high, because we don't know what the dangers are yet. After a decade of experience, the level of regulation could be reduced; after a second decade it could be reduced again. That's in an ideal world. In this one, of course any regulatory regime is something you try to use for your own competitive advantage, especially if you've got a more cozy relationship with the regulators than your competitor does...

e40 9y ago

In the years since 2007, we have made great progress in addressing the too-big-to-fail dilemma. In fact, there is movement in the wrong direction.

yardie 9y ago

> we have made great progress in addressing the too-big-to-fail dilemma We got rid of a lot of big, too-big-to-fail, banks since then. The problem is we got rid of a lot of too-big-to-fail banks.

Clubber 9y ago
Warren says the sum of the too-big-to-fail banks is even bigger than it was in 2008. Also, Trump is trying to scale back the regulations put into place after 2008. http://www.wsj.com/video/elizabeth-warren-too-big-to-fail-banks-now-even-bigger/311C0E9A-4424-4E7F-97F4-684EF6A68A51.html http://www.wsj.com/video/elizabeth-warren-too-big-to-fail-ba...
thephyber 9y ago
I think you're taking liberties with the term "got rid of". Those banks that we "got rid of" were just consolidated into other "too big to fail" banks. And even worse, the ones that survived learned that the White House and Congress will backstop them even when they crank up the risk, use corrupted ratings agencies, and sell mortgages of the worst quality to Fannie Mae + Freddie Mac.

AnimalMuppet 9y ago

Well... one could argue that, for any new financial product, the skepticism (and therefore level of regulation) should be very high, because we don't know what the dangers are yet. After a decade of experience, the level of regulation could be reduced; after a second decade it could be reduced again. That's in an ideal world. In this one, of course any regulatory regime is something you try to use for your own competitive advantage, especially if you've got a more cozy relationship with the regulators than your competitor does...