In a report published today, ProPublica takes a look what’s delayed implementation of the Dodd-Frank financial reform bill.
You won’t be surprised to learn that politics and bureaucracy have gotten in the way.
Coincidentally, Sen. Bob Corker, R-Tennessee, is in Knoxville today to talk about the nation’s financial challenges.
Here’s an excerpt from the ProPublica report:
To some, the emerging roadblocks reinforce a fear that Dodd-Frank, which was intended to touch on almost every aspect of the American financial system, may never provide the sweeping reform it promised.
“It was doomed at the outset and nothing can possibly salvage it. We might even have been better off without it,” said Arthur Levitt, a former chairman of the Securities and Exchange Commission.
Here’s the full report: From Dodd(-Frank) to Dud?