http://www.nytimes.com/2010/07/16/business/16regu…
As we all should know, the financial reform bill was passed yesterday.
Do you see any serious consquences for business, more specifically banking, once this bill is enacted?
So far all this bill seems to do is give the government more power and not regulate what should have been regulated (ie. Fannie & Freddie).
It looks like the banks will just pass the costs onto a monthly payment for customers, or somthing of the like.
And the bill gives more power to unions.
Does this bill do anything meaningful to help get us out of this current shithole and keep us out? I dont think so.
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