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HomeIs Washington Looking Out for Small Investors?
Posted by Larry Doyle on June 30th, 2010 2:09 PM |
How often have we heard that the proposed Dodd-Frank financial regulatory reform package is supposed to look out for ordinary, everyday, small American investors. Well does it? Let’s check in with Sense on Cents Hall of Famer, Bloomberg’s Susan Antilla who highlights some glaring holes in the proposed reform package. Susan writes, Lobbyists’ Smell Clings to Bank Bill,
At 2,315 pages, the Dodd-Frank Conference Report of proposals to fix U.S. financial regulations isn’t the stuff of summer beach reading.
It is, though, a starting point to understanding just how messed up financial regulations had become by the time the economy all but collapsed in 2008. And it gives great hints as to how serious lawmakers are about helping everyday, mere mortal investors who don’t worry about life-and-death issues like whether they will pocket a gazillion dollars in bonuses. (more…)
