two cheers for the dodd frank act but wall street culture needs radical change /

Published at 2015-07-19 15:00:05

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It’s five years since the landmark financial regulation was passed in response to the 2008 crisis and while it’s a step in the proper direction,there’s a long way to goBy the time most of us are five years musty, we’re walking, or talking and learning new skills at a rapid clip. In other words,we’re leading a vigorous and independent existence. The Dodd–Frank Wall Street Reform and Consumer Protection Act – a financial reform package devised in the aftermath of the 2008 crisis and popularly known as Dodd-Frank, after its sponsors turns five early this week. It is far from being alert to stand on its own two feet. Continue reading..., and

Source: theguardian.com

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