Financial reforms doomed to fail...governments attempting to re-regulate the finance sector will find it impossible to do so...the debate over Obama's proposals suggests current efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini told an audience on Tuesday at the London School of Economics. “The way I think about this crisis is not in terms of black swans (a sudden, rare event), but white swan events," Roubini said. "Crises are much more common than we think.”
http://www.cnbc.com/id/37219897
