Financial Reform One Year Later

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Sen. Chris Dodd and Rep. Barney Frank, one year ago at the signing ceremony for the Dodd-Frank Wall Street Reform and Consumer Protection financial overhaul bill on July 21, 2010. (AP Photo/Charles Dharapak)

Hour 1

Just over a year ago, one of the country’s most sweeping financial reform acts was signed into law.  The Dodd-Frank Act established regulations to curb the risky Wall Street practices that led to the financial collapse that started in 2007.  Rules around lending and derivatives were particularly targeted in the law.  It also established the Consumer Financial Protection Bureau, which opened a few weeks ago, to police financial services and products.  In this hour, we’ll look at what financial reform looks like a year later.  How much of the Dodd-Frank Act has been implemented and have dangerous financial practices changed? We’ll also talk about Wall Street’s response and some of the challenges to the law in Congress and the courts, with many in the financial sector arguing that all the regulations are stifling economic growth.  Marty talks with TED KAUFMAN, former U.S. Senator from Delaware and Chair of the TARP Oversight Panel, and JESSE EISINGER, a senior reporter at ProPublica who covers Wall Street and finance.

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[audio: 080411_100630.mp3]

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