Broken

摘要

If there is any consensus about American finance, it is that it is a mess. Five years on from the financial crisis, billions of dollars have been spent on litigation and settlements, and hundreds of thousands of pages of new legislation have been added to America's already vast library of securities laws. Yet justice has not been achieved, and the system's integrity has not been secured. If a private financial market truly exists in America, why has it not done what markets are meant to do? How has it failed to enforce the standards of conduct needed to reassure customers?