What to Demand from FinReg
Mike Konczal of the Roosevelt Institute and the blog Rortybomb has a useful chart and paper outlining what to demand from Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill — the provisions that will ensure financial security — along with the chances of each provision making it into the final legislation.
The effort that seems most secure? Derivatives reform. The effort that seems least secure? A provision ensuring banks put all relevant liabilities clearly onto their balance sheets, as well as too big to fail and hard leverage cap requirements.