A Deal on Financial Reform: Now What?

Many people are already commenting on how good or bad a deal financial reform is for Wall Street. Some are saying it will crush profits in the banking sector. Others are saying Wall Street dodged a bullet and it will be business as usual. The answer is we really don’t know. That’s because a key problem with the bill, though why it worked politically, is that it leaves many of details up in the air. Regulators can wind down “Too Big To Fail” banks. But what is the definition of “Too Big To Fail” and when do they have to resolve. It will be up to others to decide. Here’s the run down of the bill from Swampland.