"The Dodd-Frank/Volcker Rule Juggernaut, best known as "the paper pusher full-employment act" will not succeed in curtailing the opaque risk events which regularly seize various financial infrastructures. It merely creates jobs for dull-minded, adversarial bureaucrats to dramatize their will to stop any wheels of commerce. The best solution to complexity is simplicity. Keep current banking laws as is but vigorously, relentlessly and harshly enforce them."

David Fuller's view Thanks for your views with which I think many visitors to this site will agree.

However, I felt that the 1999 repeal of the Glass-Steagall Act of 1933 - introduced following the Depression to separate commercial and investment banking - was a big mistake. I favour the reintroduction of an updated version of this Act.