A Capitalist Plan for Bank Reform

The presidential campaign has sparked much discussion about Wall Street.

On the left, there’s the demand to break up big banks and penalize Wall Street speculation. On the right, there’s the move to get rid of Dodd-Frank and ease the onerous regulations on the financial sector.

Here’s my take: Both sides are partially right but aren’t addressing the real issues and are looking for scapegoats rather than solutions.