Which Way, L.A.?
Financial Reform: Unwritten Rules for an Empty Road
When he signed the Dodd-Frank finance reform bill less than a year ago, President Obama said it would protect consumers from the reckless behavior of banks that caused the Great Recession, and then got bailed out with taxpayer money. But implementing the measure has run into serious roadblocks.
By Warren Olney • • 1 min readWhen he signed the Dodd-Frank finance reform bill less than a year ago, President Obama said it would protect consumers from the reckless behavior of banks that caused the Great Recession, and then got bailed out with taxpayer money. But implementing the measure has run into serious roadblocks. Today, a House committee held yet another hearing. Are taxpayers and the global economy still vulnerable to banks that are "too big to fail?"
