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Actually, its a watered-down reinstitution of some Depression era measures. It cannot and will not prevent future financial crises. It represents a colossal fai
by sdurkin 16y ago
Actually, its a watered-down reinstitution of some Depression era measures. It cannot and will not prevent future financial crises. It represents a colossal failure of vision on behalf of the leaders of both parties.
It fails to address the most pressing financial regulatory concerns (Glass-Stegall), creates ineffective and burdensome new requirements for businesses (Consumer Protection Division), and fails to alter the basic incentives that encourage investment fraud and shortsighted thinking (Compensation based on annual returns.)
- michaelcampbell 16y agoSuch is the result of the continuing polarization in the 2 party system; in order just to pass ANYTHING the center gets stretched so thin as to be nigh invisible.