Wall Street Reform and Consumer Protection Act

FinReg: From Potty Training to World Government

For at least a pair of views on the Wall Street Reform and Consumer Protection Act, or Dodd-Frank, or FinReg, a helpful place to start is Chris Hayes’ The Breakdown: Will the Financial Reform Bill Prevent Future Meltdowns? with Mike Konzcal.

Mike’s got you covered. He breaks the crisis down into four interconnected sectors: an exploitative, under-regulated system of consumer finance; dark markets in derivatives; the failures of “too big to fail” banks and the ripple effects they caused; and shadow banks that were able to avoid regulations (and also lacking, as Mike says, the “toilet training” necessary to behave).


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