What financial reforms are coming? Since the House passed HR 4173, the Wall Street Reform and Consumer Protection Act of 2009, there is at least a template for what is likely to finally be enacted. James Hamilton of Wolters Kluwer has produced a 42-page summary of the Act (and yes, at 42 pages it still counts as a summary). This piece is vastly more informative than the sketchy descriptions given in the media, and provides the main substance of likely future regulation of derivatives markets, hedge funds, dissolution authority, systemic risk monitoring, oversight of broker-dealer audits, and just about every relevant finance topic of the past year, as well as commentary and interpretation. Agree with different pieces of the legislation or not, this read will give you some understanding of the true complexity of implementing our clean and lofty goals for financial sector regulation in a world with bailouts.
- @AmericanAir thanks - I just want to be SAFE and this is a violation of safety rules and endangers the passengers in the row. 1 week ago
- @AmericanAir @American that suitcase slides out every time the plane banks and hits us in the legs, blocking aisle access in an emergency 1 week ago
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