Regulations? What regulations?

I was disappointed in the response by Congress to the behavior of the financial segment as they brought the economy to its knees. The Dodd-Frank regulations that they passed were less than I expected based on what happened. But there were a lot of folks who didn’t want even these changes, including the heavy-hitting lobbyists from the big banks.

Well, they’ve won. According to an article in the Washington Post,

A year and a half has gone by since the Dodd-Frank financial reform act was signed into law, but barely a quarter of the rules in the legislation have been finalized . . .

As of Dec. 1, regulators have issued 154 proposals, finalized 74 of them and missed 200 deadlines . . .