Hacker News Reader

How long after the crash of 1929 were the reforms? Well, there was the Securities Act of 1933, the start of the SEC in 1934, the FDIC in 1933, and Glass-Steagall in 1933. So, most of it was four to five years after.

We are now eight years after 2008. What's happened? Not very much, from my view.

> people don't easily forget.

I think that 2008 wasn't nearly as bad as 1929, and people therefore forget much more easily.

View on HN

Gordon Brown saved what was left of the world economy by bailing out RBS, Lloyds, and BoS, and forced the US to similarly bail out several of the US banks and auto manufacturers.

It could have been a lot worse.

The people who were hit the hardest are still growing up, and many of them yet to reach voting age. I think change will come, but that will be after the death of the old guard (from age), and when this generation becomes the largest voting block.

Reply on news.ycombinator.com