So let me get this straight: Congress proposes anti-Wall Street legislation, the stock market falls by hundreds of points, and that shows that we need more anti-market legislation. Welcome to 1934.
Senators say volatility makes case for regulation
“The reality is that unconventional monetary policy is difficult, perceived as risky, and never pursued with the vigor of conventional monetary policy.” --Paul Krugman, NYT, March 17, 2010 "Reducing policy interest rates to the zero bound fails to stimulate credit supply and demand in a ‘balance sheet recession’ in which the private sector is deleveraging." --Adair Turner, 20 May, 2013