{"id":384,"date":"2010-08-23T20:59:05","date_gmt":"2010-08-24T01:59:05","guid":{"rendered":"http:\/\/www.nathanhunstad.com\/blog\/?p=384"},"modified":"2010-08-23T21:00:13","modified_gmt":"2010-08-24T02:00:13","slug":"financial-reform","status":"publish","type":"post","link":"https:\/\/www.nathanhunstad.com\/blog\/2010\/08\/financial-reform\/","title":{"rendered":"Financial Reform"},"content":{"rendered":"<p>I&#8217;ve wanted to write something about the financial reform bill for a while now, but school and work and wedding planning and campaigning and the rest of real life have conspired against me. I did, however, find <a href=\"http:\/\/freakonomics.blogs.nytimes.com\/2010\/08\/19\/how-would-you-simplify-the-financial-reform-bill-a-freakonomics-quorum\/\" target=\"_blank\">this<\/a> post on the Freakonomics blog asking a few experts on what they would do to simplify the bill, and by and large I agree with all of those recommendations. Sadly, given the sausage-making process that is democracy, we didn&#8217;t get a bill that was nearly so neat and clean.<\/p>\n<p><!--more--><\/p>\n<p>I&#8217;ve <a href=\"http:\/\/www.nathanhunstad.com\/blog\/2009\/10\/wall-street-bonuses-arent-the-problem\/#more-194\" target=\"_blank\">posted before<\/a> what is wrong with our nation&#8217;s financial sector. The financial reform bill takes a few baby steps towards correcting some of the problems, but the vast power of the sector prevented the serious reforms that are necessary. This is, of course, to be expected: how often do those with power and money voluntarily give them up? The question, then, is whether the reforms that did get passed are enough to prevent another catastrophe. I&#8217;m not sure. I&#8217;m mildly pessimistic.<\/p>\n<p>One thing I&#8217;m definitely not unsure about is the <a href=\"http:\/\/seekingalpha.com\/article\/221873-the-failure-of-hamp\" target=\"_blank\">catastrophe that has been HAMP<\/a>. There is really no excuse for a program that was sold to people as a way to help them keep their homes, but turned out to be a way to screw them over. The fact that there haven&#8217;t been mass firings and apologies over this travesty shows a real lack of awareness from the Obama administration. It&#8217;s really despicable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve wanted to write something about the financial reform bill for a while now, but school and work and wedding planning and campaigning and the rest of real life have conspired against me. I did, however, find this post on the Freakonomics blog asking a few experts on what they would do to simplify the&hellip; <a class=\"more-link\" href=\"https:\/\/www.nathanhunstad.com\/blog\/2010\/08\/financial-reform\/\">Continue reading <span class=\"screen-reader-text\">Financial Reform<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[108],"class_list":["post-384","post","type-post","status-publish","format-standard","hentry","category-politics","tag-finance","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/posts\/384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/comments?post=384"}],"version-history":[{"count":2,"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/posts\/384\/revisions"}],"predecessor-version":[{"id":386,"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/posts\/384\/revisions\/386"}],"wp:attachment":[{"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/media?parent=384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/categories?post=384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nathanhunstad.com\/blog\/wp-json\/wp\/v2\/tags?post=384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}