Three years ago, a provision in the Dodd-Frank financial reform law said the companies themselves have to reveal the difference between worker pay and CEO pay. That reform still hasn't been implemented. And now the CEOs' lobbyists are pressuring House Republicans to repeal it.
As the regulations created by Dodd-Frank are chipped away, many are asking why the federal government is unable to enforce banking reforms even after the worst financial crisis since the Great Depression.
The Dodd-Frank rulemaking process, now in its fourth year, has been so long, wonky and arcane that it has entirely lost the interest of the public and the press -- as perhaps was the plan of its detractors.
The rules on stay-at-home parents' access to credit have been reversed twice in the past four years but without much media attention along the way, despite the fundamental impact of the reversals on stay-at-home parents' ability to open a card in their names or to extend their credit lines.
All these men are honorable. None has broken any law. But they and their ilk in congress -- the Democrats who are now rolling back Dodd-Frank -- don't seem to appreciate the extent to which Wall Street has harmed, and continues to harm, America.
To do their job properly, financial regulators -- the people in charge of securing our economic future -- must understand how their policies affect these communities. And that's why we desperately need people of color in these positions.
No longer is financial performance the only metric by which a company is to be measured. Relevant in the mix of information when making an investment decision is the extent to which a company exhibits social responsibility.
A funny thing, wonderful in its own small way, happened last week. The Senate voted 99-0 in favor of an amendment to end subsidies to too-big-to-fail financial institutions. This vote is a harbinger of things to come -- if the public keeps ratcheting up pressure.
Unless Americans step up the way Cypriots did and demand real regulation, as well as send the message that they don't trust Wall Street by moving their money to community banks and credit unions, they can bank on being bilked. Again.