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 10:59 am

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

DynoDon
Joined:
Jun. 29, 2012 10:24 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 4:01 pm

Currently Chatting

Who Should an Economy Serve?

The top one percent own half of all the world's assets. In stark contrast, the bottom fifty percent of the world owns less than one percent. According to the 2014 Global Wealth Report from Credit Suisse, global inequality has surged since the 2008 financial collapse. The report explains that while global wealth has more than doubled since the year 2000, the vast majority of overall growth has gone to those who were already wealthy.

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