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July 31, 2013

Set Up To Fail: Dodd-Frank Leaves Bank Regulators Overwhelmed, Underfunded

“This is the third in an 11-part series on the failed promises of the Dodd-Frank financial reform package and the continued, dangerous imbalances in our financial system.Click here for part 1 and part 2.

“With the third anniversary of the signing into law of the Dodd-Frank Wall Street reform act approaching Sunday, one might assume that all the regulations called for in the legislation would be in place by now.

Not even close. According to the law firm Davis Polk, Dodd-Frank required the regulatory agencies to institute a total of 398 rules. To date only 155 have been finalized.”


Read Ted Kaufman’s full Forbes op ed here

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