Dodd-Frank, 4 Years In, Is Vague, Complex, and Still Fighting the Last War
NEW YORK (TheStreet) -- On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law. And at the beginning of its fifth year, Dodd-Frank's complete package still hasn't been revealed. Nor have we fully experienced the impact it is going to have on the American economy.
The law is vague and complex at the same time.
It can be argued that good laws deal with process and not outcomes. The resulting Dodd-Frank legislation seems to be more about what legislatures want the banking industry to be rather than how it would like to see the banks function.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV