For years Washington has operated under the delusion that government mismanagement played no part in the financial crisis. Convinced that “greedy” Wall Street banks were entirely to blame, the then-Democratic controlled Congress rushed through the massive Dodd-Frank Wall Street Reform and Consumer Protection Act by a largely party-line vote. Their efforts have since proven to be not only ineffective, but economically destructive. Thankfully, Congress now has available a suitable remedy in House Financial Services Chairman Jeb Hensarling’s Financial Choice Act.
