Tuesday, July 24, 2012
Happy Birthday to Dodd-Frank
On the second anniversary of the enactment of Dodd-Frank, Treasury has posted on its website an "overview of where reform stands and the changes it has affected. According to the report (Download Reforming Wall Street):
Since Wall Street Reform was enacted in July 2010…
…our financial system is safer and stronger.
…consumers are more empowered and protected.
…financial markets are more transparent.
…regulators have new tools to monitor and mitigate threats to the financial system.
…implementation steadily continues despite attempts by opponents to roll back, delay, and defund reforms.
These reforms are helping build a sound foundation to support economic growth.
If only wishing could make it so.