Ron Chernow, in today's New York Times:
"In retrospect, the evils of the 1920s seem almost quaint in their simplicity. Finance today is far more esoteric, marked by complex securities sure to baffle reformers as they seek solutions to the problems exposed by last year’s crash."
Well, here's my simple solution: If the experts can't understand them, they should be illegal. There. Problem solved.
9 minutes ago