It's Springtime in Washington, & Regulatory Reform Blossoms

It's springtime in Washington. The cherry blossoms have lost their premature bloom, but talk of financial regulatory reform is in full flower. Let's hope that these reform discussions are longer-lived than the cherry blossoms. There is reason to worry, however, that we will not succeed in more than superficially disentangling ourselves from Dodd-Frank's seductive embrace.