Five years after Wall Street started melting down...

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Key regulations to prevent another financial crisis are being delayed or scrapped altogether. More than one-third of all the new regulation created by the Dodd-Frank Wall Street reform law of 2010 have yet to even be written.

On top of that, the Securities and Exchange Commission has missed the implementation deadlines on 71% of its new rules. One reason why new regulations are being delayed is that Republicans in the House have slashed funding for critical Wall Street watchdogs – and are threatening to defund the Dodd-Frank reform law altogether – giving banksters a chance to turn Wall Street into a casino again.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 9:59 am

Comments

Thank God we are no longer at the mercy of the financial sector-oops wrong country!

DynoDon
Joined:
Jun. 29, 2012 9:24 am

Why do we only count the melt "down"? The DJIA almost double from March 2003 to July 2007. We're talking over 9 years of recklessness. (not counting the "melt-up-and-down-and-in-and-out" of the 1990's bubble...

chilidog
Joined:
Jul. 31, 2007 3:01 pm

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