The Triumph of Socialism

On today's WSJ Opinion page: The Triumph of the Regulators.

We could go on, but perhaps the best summary is to hail Dodd-Frank as the crowning achievement of the Obama "reform" method. In the name of responding to a crisis, the bill greatly increases the power of politicians and regulators without addressing the real causes of that crisis. It makes credit more expensive and punishes business without reducing the chances of a future panic or bailouts.