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Dodd-Frank Act

‘Act Of Congress’ Stresses Hopeful Creation Of Dodd-Frank, Omits Grim Ending

President Obama signed the Dodd-Frank financial reform law in July 2010, hailing it as an overhaul to prevent the kind of crisis that hit the world economy in 2008 and one of the signature achievements of his first term. Almost three years later, much of the big stuff the law calls for is on hold, under legal and legislative assault, or still working its way through the regulatory intestines.

The Greatest Disappointment

There is a new report out this morning once again reminding us of the greatest disappointment progressives have in the Obama administration: the lack of toughness in regards to Wall Street. <a href="http://www.campaignforfairsettlement.org/obama_legacy_threatened" target="_hplink">The report</a>, issued by the Campaign for a Fair Settlement (full disclosure: this is a coalition I have helped in various ways since their founding), is probably the most harshly critical analysis yet by a coalition aligned with traditional progressive Democratic groups. The report opens with this damning list of hard to dispute facts, and then just goes on from there.

The Power Of The President

Progressive organizations based in DC have historically focused most of their attention and political muscle on fighting legislative fights, getting Congress and the President to get new legislation passed or stop legislation they don’t like from passing.

Paul Volcker Responds To Volcker Rule Critic Jamie Dimon

JPMorgan Chase CEO Jamie Dimon has been one of the most outspoken critics of the Volcker Rule, a section of the Dodd-Frank Act that aims to keep the banks in which you deposit your money from gambling it on their own sometimes-risky investments...