“To protect the American people and the U.S. economy, the financial reform and Wall Street re-regulation law needs to have real teeth in order to rein in the worst abuses.

Even though the memory of the financial collapse and economic crisis that began in 2007 is still very fresh, and its effects on the real economy have barely begun to be remediated, the Wall Street machinery continues to deny or minimize its role in the financial collapse and the ensuing economic crisis.

As if to add insult to injury, Wall Street firms and financial industry associations are trying to obscure and conceal the cost of the collapse and crisis.”

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Read Dennis Kelleher’s full editorial here