Top of the Morning

Top of the morning

Interested in getting a better understanding of the the financial regulatory reform bill that’s finally making it’s way to the finish line in Washington? Then you should definitely check out this informative article by Pat Garofalo of the Center for American Progess.

While Garofalo admits that the bill has been watered down, he still endorses it as a “must do”:

But these compromises should not detract from the significant achievement that Wall Street reform would be under the Dodd-Frank Act. The current set of rules governing consumer lending and the tools available for reacting to a financial crisis are severely limited in scope and totally inadequate in practice. Adhering to the principles of putting consumers first, keeping taxpayers out of the business of rescuing failed firms, and keeping a watchful eye on the riskiest financial instruments will change for the better the way in which Wall Street does business.”

One Comment


  1. WILLIAM MURRAT

    June 30, 2010 at 7:43 am

    I’m amazed we’re calling this reform bill the Dodd-Frank Act when both of these bumbling fools were asleep for years during the previous financial crisis. What a joke !

Check Also

Senate will vote today on right-wing blogger nominated by Trump for court of appeals

The full U.S. Senate is scheduled to vote ...

Top Stories from NCPW

  • News
  • Commentary

When Gov. Roy Cooper visits Wilmington on Monday, it's unlikely that he will be greeted by the [...]

When Gov. Roy Cooper signed the Strengthen Opioid Misuse Prevention or STOP Act into law last month, [...]

Support for needy districts and key positions within North Carolina’s top public school agency may b [...]

Wilmington is bustling this summer. Downtown, horse-drawn carriages take tourists along the riverfro [...]

It’s not an original thought to point out that the Trump Administration is a larger version of what [...]

Why this is not “business as usual” and should not be condoned Sometimes all one can do is stand and [...]

5.0---percentage of overall state spending in the 2017-2018 budget passed by the General Assembly as [...]

The post A legislative addiction appeared first on NC Policy Watch. [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more