I was making the case from the other direction contemporaneously. Yglesias at the time was wishy washy, forgiving of the Obama Administration but also willing to acknowledge there were paths not being taken a lot of us considered necessary. He's hardened like crust around Obamaphilia. 1/

Here's a piece I wrote when Dodd-Frank was about to be the response, describing why FDICIA failed, and why Dodd-Frank was insufficient. 2/ www.interfluidity.com/posts/125815...

Here's a good 2009 piece by Bill Black, who prosecuted the S&L crisis that led to the law. www.huffpost.com/entry/why-is... /fin