Monday, July 25, 2016

U.S. Dodd Frank Act 
Financial Reform Is A Failure
"Despite its girth and public-oriented title, it did not alter the banking landscape. It did not separate banks's speculative and derivatives-churning abilities from their federally backed deposit side. And it did not remove a single financial conglomerate 'service' or practice, as Glass-Steagall had in 1933. A litany of correspondence between lawmakers and lobbyists did nothing to ensure that another breakdown would be avoided."
-Nomi Prins*

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