Huffington Post: TED KAUFMAN: Wall Street Reform's First Birthday: One Year Under Constant Assault

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eschwerin@rosemontseneca.com

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2011-07-22 02:38:59

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Hunter Biden <hbiden@rosemontseneca.com>

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TED KAUFMAN: Wall Street Reform's First Birthday: One Year Under Constant Assault
To say that the year-old Dodd-Frank Wall Street Reform and Consumer Protection Act is under attack in Washington is like describing Little Big Horn as an engagement between the cavalry and the Indians. What we are watching looks more and more like a one-sided policy massacre by hordes of financial industry lobbyists and their enablers in Congress. It should be noted that Wall Street is winning the public relations and lobbying fight, but that markets are for real. When they fall like they did in 2008, they send an unmistakable message. No amount of lobbying money can change that. If we do not heed that message and institute real change, the next meltdown will be even worse.


Eric D. Schwerin
eschwerin@rosemontseneca.com

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