From Forbes.com:
The most crucial element in the re-regulation of Wall Street has been gutted. At least for now, there will be no limits on how much money Wall Street can borrow to do its business. It’s an invitation to dare a new meltdown or financial crisis. The big banks’ lobbyists have convinced Treasury and Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, not to support Rep Barney Frank’s, D-Mass., insistence on limiting the leverage Wall Street can use to trade securities.
Read more here.
