Dodd-Frank Wall Street Reform: Change Amidst Uncertainty - Capco:
Republican O'Malley attempts to block the implementation of Dodd-Frank. How should we tell a story about Dodd-Frank and regulation of the derivatives. As you know, Dodd-Frank was created due to the housing "bubble" collapse. The procedural hurdle of O'Malley attempts to stop Dodd-Frank's implementation by going to the "OMB" to undermine the process.
What are the rules of Dodd-Frank? There are 300 rules of cost/benefits analysis. Regulators paralyzed by opposing Wall Street "giants" because of the litigation produced when implementation is attempted. Does Dodd-Frank go far enough in regulating Wall Street? Its about credit to defaults swaps between "ghosts" sellers and buyers.
Speculation drives the oil prices up. Wall Street interest gets paid every time the price of gas goes up. What are you going to do about it? Dodd-Frank was put in place to avoid this oil/gas fiasco. How do we put the rules of Dodd-Frank in place as the Congress and the people have demanded?