The Great Risk Shift is Back

I have a new column:

Killing Banking Rules Will Invite a Whopper of a Recession: The vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred last Thursday. Though it mostly went unnoticed, the House Financial Services Committee voted in favor of the Financial Choice Act. This legislation would substantially weaken the Dodd-Frank financial reforms.

If the Republicans are successful, and that is not assured at this point for either piece of legislation, it will increase economic insecurity for most households. ...