Simon Johnson: Focus on This: Merkley-Levin Did Not Get a Vote - At least now we know what we need to do.

  1. The Volcker Rule, as specifically proposed in the Merkley-Levin amendment

  • Constraints on the size and leverage of our largest banks, as proposed by the Brown-Kaufman amendment

  • When the mainstream consensus shifts in favor of these measures, or their functional equivalents, we will have finally begun the long process of reining in the dangerous economic and political power of our largest banks.

    Americans that care about regulating banking activities need to pay attention to these issues as they come up in congress and tell their representatives this is what we need for a more healthy economy.