Five years after the great financial meltdown, have the United States and other advanced economies done enough to head off the next calamity?
The short answer is no.
There's been frantic activity, all right. Heroic feats of legislation and rule-writing will keep regulators, compliance officers and analysts busy for years. But the gain in safety from all this is likely to be small — too small, probably, even to offset the danger created since the crash by greater concentration in the finance industry.