So the reforms seem to have arrested our relative decline, but not, as yet, enabled us to begin the process of reducing the gap in per capita incomes which emerged over earlier decades. We are now keeping up, roughly, but not catching up. Why have we not done better still?
In the aftermath of the crisis, in addition to the Dodd-Frank Wall Street Reform, intended to guard against financial instability, the US Government enacted the Consumer Protection Act and created the Consumer Financial Protection Bureau to ensure that markets for financial products and services operated in a fair, transparent and competitive manner and were subject to meaningful oversight.