How to Derail Financial Reform
Arguing that the American public is "furious at the banks, whose recklessness has led to crisis and recession - and high unemployment," the NY Times editorializes against the new Republican House's efforts to derail the SEC and CFTC's implementation of Dodd-Frank.
The NY Times opines: "To their credit, regulatory agencies have begun that process with a sense of mission and depth of expertise that was missing in the years before the financial crisis. In particular, the Securities and Exchange Commission and the Commodity Futures Trading Commission - which share the all-important regulation of the multitrillion-dollar derivatives market - have proposed rules that are tough and sophisticated."
Publication
NY Times
Date
December 26, 2010
Cross References (links require a Cabinet subscription)
Dodd-Frank Act, Title VII