While the points the article makes are valid (in essence, the massive regulations that apply to banks, asset managers, traditional wall street institutions are the result of previous bad experiences, not just regulatory evilness), Fintech is still more a promise than anything big enough that it could really tank the economy. Don't think it's going to be the next crisis. The one after or one even later perhaps.

What could have a large impact is the bath that people who are buying silicon valley stock at 600x P/E are going to take.