http://www.nytimes.com/2009/10/26/business/economy/26big.html
What a mish mash is Dodd Frank's attempt to rein in TBTF's. The nuanced regulation is sure to get co-opted so that once again the bonus' are for the banker's and the ruinous invoice is for the taxpayer. The Pecora commission's break up of investment and commercial banks brought us the Glass Steagall Act which protected the economy from a financial calamity the likes of the depression for seventy years. This new supposedly hard hitting version is going to get run over once the speculative juices begin to flow again and bank executives like Angelo Mozilo re-appear.
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