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November 8, 2012

Financial Reform Has New Lease On Life In Second Obama Term

Wall Street’s costly gamble to kill financial reform by betting heavily against President Barack Obama and Elizabeth Warren in the 2012 election has blown up in its face. The only question is how much Wall Street is going to suffer as a result.

At the very least, even if there is no other consequence of the financial sector’s failure, the Dodd-Frank reform legislation lives to fight another day.”

“”The biggest change with the election is what didn’t happen,” said Dennis Kelleher of the financial reform advocacy group Better Markets. “There is no question that a President Romney would have delivered on his purchased promises to Wall Street, and he would have no doubt substantively killed financial reform and unleashed Wall Street on the country again.””

Read Mark Gongloff’s full Huffington Post article here

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