Barofsky: Financial System Probably Safer Than 2008

The speaker reflects on a successful program with minimal fraud, considering it a career highlight. They discuss the shift of economic responsibility to the Federal Reserve, noting the political disengagement. The aftermath of Dodd-Frank is critiqued for over-reliance on regulators, who are now tasked with safeguarding the financial system despite past failures. The speaker acknowledges improvements since 2008 but questions the heavy reliance on regulators.

In what ways does the speaker believe the financial system has changed since 2008?

What concerns does the speaker express about the reliance on regulators?