Important Regulator Leaves Washington with this Insight about the Financial Industry: Theft

In a recent interview, Chilton said that, despite years of hard work by financial regulators to put the 2010 Dodd-Frank law into force (witness the 882 pages required to explain a 71-page Volcker Rule), their efforts will be futile in the face of Wall Street’s money and power. “The lesson for me is: The financial sector is so powerful that they will roll things back over time,” Chilton says. “The Wall Street firms have tremendous influence, and they can impact policy to a greater degree than any one regulator or a small group of regulators can.” Bart Chilton’s Parting Salvo

Banks are Robbers

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