Too Big To Fail (Or Jail) Banksters? They're Still At It...

[Riddick]

It's Wall Street FTW!
Despite new rules to ensure investors, in SEC Chair Mary Jo White's words, "have full information, the tools and the time to understand potential investments and the nature and extent of associated risks”, ever more asset-backed securities are being sold on private markets, with little disclosure or regulatory oversight.

In a two-part investigative series, Reuters reveals how, in the wake of the 2008 banking crisis, Wall Street lobbying efforts have helped stymie financial reforms -

Part 1: FRIENDLY WATCHDOGS - Intense lobbying of regulators, many of them industry vets themselves, helped ensure practices the Dodd-Frank law was meant to stop would remain in place.

Part 2: VANISHING ACT - The story of how Wall Street’s giants got around derivatives rules imposed by the CFTC after the financial crisis. The fix: tweaking contracts and shifting deals offshore.

[voguy]

Recently an Ohio Congressman passed who was hailed as a hero for authoring The Sarbanes-Oxley Act.

However, I have not witnessed anything about the act which has protected anyone other than the bankers.

(http://www.soxlaw.com/)

On the other hand he did help push through the Telecommunications Act of 1996, which opened the door to the bastardization of radio broadcasting.

(https://transition.fcc.gov/telecom.html)