Here is a very good piece, “Storming Wall Street,” by Anthony Randazzo of Reason Foundation about the new financial regulations coming our way this fall. The news isn’t good. The regulations are bad. And they will be expensive without addressing the real issue: Most companies still rightly believe that the government won’t let them fail. For instance, he writes:

President Obama’s reform proposal for financial services regulation falls short of addressing the most important problem with the current regulatory system: taxpayer protection for private sector failure. The codification of bailouts and the too-big-to-fail policy extends some of the very problems that contributed to the financial crisis and recession. The private sector should be put on notice: there will be no more bailouts.

Also, watch Randazzo’s interview on Reason TV by Nick Gillespie. Very informative and depressing.

This piece is a very nice complement to Todd Zywicki’s interview earlier this week.