Crisis and Leviathan

Here's a letter to the Washington Post:

Discussing the proposed financial "reform," Robert Samuelson uncharacteristically lets hysteria cloud his judgment ("Financial reform's big unknowns," April 26).  Why else would he grant the validity of Peter Wallison's concern that "close regulation of too-big-to-fail financial organizations will give them a privileged status and make them 'tools of the U.S. government'" and then immediately dismiss this concern by saying "Nevertheless, something seems...