Least Said.. the sooner Amended..
Okay the US Senate had a decided majority to pass the Dodd-Frank Financial Reform Bill. It now awaits President Obama’s signature(which may have already happened)..But what is the big deal about it..?
Not all the vox and opinionations, interpretations and.. and.. the rest of it—that’s for sure!
No, the big deal, the thing in it and not present before, is the Kanjorski Amendment. So.. here’s the Rep for himself..
“The key lesson of the last decade is that financial regulators must use their powers, rather than coddle industry interests.”
Regulators can do a great deal, but they need political direction from the highest level in order to make genuine progress. And this Reform Bill makes it all entirely possible. For a President and Administration with the will. To regulate in the nation’s – or worlds – interests.