Much is hazy about the Dodd-Frank bill, even though it has passed. Will the goals of the reform bill really be met? On July 15, the Dodd-Frank Wall Street Reform and Consumer Protection Act passed 60-39 in the Senate. Next week, President Obama is expected to sign it into law.1 “Because of this reform, the [...]

Another reform bill is now making its way through the Senate – a bill that would reregulate the financial services industry. You could argue – convincingly – that a loosely regulated Wall Street caused or least exacerbated the “Great Recession”. In the aftermath of that downturn, we may see the biggest rewrite of financial rules and regulations since the Great Depression coming before 2010 ends.