Wall Street Crimes: President Obama is "effectively encouraging future financial fraud"

[bhikkhu]

34. Thanks for the article - I hadn't seen that

I had read that republicans had obstructed implementation of many parts by denying necessary funding for them, but things are moving along slowly. As the article concludes:

"For all the work that has already gone into implementing Dodd-Frank, both at the Federal Reserve and at the other regulatory agencies, there is still considerable work to do. Final regulations implementing some of the Act's most important provisions, such as the "living will" requirement and the Collins amendment, are now in place. Measures to implement other prominent provisions, such as the Volcker rule, have been proposed, but are not yet in final form. Still others, such as the section 165 requirements, have not yet been proposed. Whether completing work on proposed regulations, or moving forward with those yet to be proposed, the Federal Reserve will continue to pursue the four goals I noted earlier. "

It is impressive the amount of changes and work that the bill requires, and encouraging that things have moved along in spite of strong opposition. In 2010, its passage was a big fight and a big accomplishment for the president. Keeping in mind that its repeal is still prominent on the repug agenda, I hope we can gain a congress next year that will keep things moving in the right direction.

on edit - and going back to my actual objections to the OP - it lays blame for banking sector problems and lack of progress on Obama. The president worked very hard to get a strong reform bill passed, and many have worked very hard since (against all industry and repug opposition) to see it implemented. Putting the president on the "bad" side of the issue with the repugs is "asshattery" in my book.