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July 20, 2012

MarketWatch: Skepticism about Dodd-Frank two years on


” “On one hand we are more at risk because too-big-to-fail banks are bigger than ever and our financial system is still incredibly fragile with banks loaded up with toxic securities and liabilities for past conduct,” said Dennis Kelleher, CEO of advocacy group, Better Markets.

“If Dodd-Frank is implemented by people of good faith with intent to truly protect the American taxpayer then it can work and should work, but much remains to be seen.”

Kelleher’s comments echo those of a wide variety of observers who say they are hopeful that the law has made the financial system safer but won’t be sure until regulators adopt roughly 200 more rules. “

Read Ron Orol’s full MarketWatch article here

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