This posted by Deputy Treasury Secretary Neal Wolin on the White House blog would make even Pinocchio ashamed.
"[W]e already know that whatever bill comes to the President’s desk will end the problem of 'too big to fail.' It will end taxpayer-funded bailouts. And it will make sure that American families and businesses never have to foot the bill for the irresponsibility of Wall Street."
Sure it will. Just like the reforms passed after the bank failures of the early 1990s did, and the ones passed in early 1980s before them. However, I do agree with this part:
"If you’re a family trying to buy your first house, a parent trying to fund your child’s education, an employee trying to save for retirement, or an entrepreneur trying to expand your business, you have a stake in financial reform."
Unfortunately, though, the financial reform bill means that even those with good credit will have a more difficult time finding a loan and end up paying more for it.