While the financial reform bill passed and will soon be the law, it is hard to comment on any specifics because the real laws have yet to be written. Normally, when Congress passes new legislation, it is pretty specific in its intent, and Congress leaves it up to those who must enforce the laws to write rules and regulations clarifying Congressional intent.This time, however, Congress was extremely vague in many areas, giving non-elected bureaucrats carte blanche to write rules and regulations which will become the law! Still, despite not knowing exactly what we will get, it is possible, at this time, to determine some winners and losers.
They Call This Financial Reform?
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