Actually, its a watered-down reinstitution of some Depression era measures. It cannot and will not prevent future financial crises. It represents a colossal failure of vision on behalf of the leaders of both parties.
It fails to address the most pressing financial regulatory concerns (Glass-Stegall), creates ineffective and burdensome new requirements for businesses (Consumer Protection Division), and fails to alter the basic incentives that encourage investment fraud and shortsighted thinking (Compensation based on annual returns.)
Such is the result of the continuing polarization in the 2 party system; in order just to pass ANYTHING the center gets stretched so thin as to be nigh invisible.
Comments
Actually, its a watered-down reinstitution of some Depression era measures. It cannot and will not prevent future financial crises. It represents a colossal failure of vision on behalf of the leaders of both parties.
It fails to address the most pressing financial regulatory concerns (Glass-Stegall), creates ineffective and burdensome new requirements for businesses (Consumer Protection Division), and fails to alter the basic incentives that encourage investment fraud and shortsighted thinking (Compensation based on annual returns.)
Such is the result of the continuing polarization in the 2 party system; in order just to pass ANYTHING the center gets stretched so thin as to be nigh invisible.