It's been more than a year since Lehman Brothers collapsed and leaders of both political parties agreed that we needed to fix financial regulation to avoid future mass-scale bailouts and future economic peril.
But nothing much has happened. Why? This problem is global. And while everybody sees the problem with an unsustainable financial industry that's coddled by national too-big-to-fail policies, no elected officials want their unsustainable, government-subsidized financial industry going somewhere else.
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