February 24, 2016
Eight years after the financial crisis broke out in the United States, there is as much confusion as ever regarding what reforms are appropriate in order to minimize the recurrence of such crises in the future. There continue to be some good Hollywood movies concerning the crisis, including one nominated for multiple Oscars at the February 28 Academy Awards. The Big Short has been justly praised for making such concepts as derivatives easy for anyone to understand. As has been true since the first of the movies about the crisis, they are good at reflecting and crystalizing the audience’s anger. But they are not as good at giving clues to those walking out of the theater as to the implications. What policy changes would help? Who are the politicians that support the desirable reforms? Who opposes them?
Frankel, Jeffrey A. "Who is Right on U.S. Financial Reform? Sanders, Clinton, or the Republicans?" Straits Times, February 24, 2016.