Thursday, July 05, 2012
Key Regulations To Prevent Another Financial Crisis Are Being Delayed Or Scrapped
Five years after Wall Street started melting down; key regulations to prevent another financial crisis are being delayed or scrapped altogether. More than one-third of all the new regulation created by the Dodd-Frank Wall Street reform law of 2010 have yet to even be written. On top of that, the Securities and Exchange Commission has missed the implementation deadlines on 71% of its new rules. One reason why new regulations are being delayed is that Republicans in the House have slashed funding for critical Wall Street watchdogs – and are threatening to defund the Dodd-Frank reform law altogether – giving banksters a chance to turn Wall Street into a casino again.
at 7/05/2012 10:15:00 AM