Financial Reform Nonsense

David Harsanyi discusses the potential downside of the Democrats' cynical financial reform bill.

... Democrats have boiled down this intricate and wide-ranging legislation into a false choice that pits Wall Street against families. Our attention is to be diverted by a show trial of Goldman Sachs -- which, as far as I can tell, is accused of betting against the housing market just as Fannie and Freddie were incentivizing failure -- to gin up anger.

No crisis ever is wasted. And for those reflexively averse to risk, profit and markets, this is an opportunity like no other.

We need financial reform. What we're being offered, it seems, is another piece of command-and-control legislation fast-tracked to avoid the midterm elections -- and honest discussion.