05/01/2013 08:37 am ET Updated Jul 01, 2013

Wall St. Reform Defanged


The mood was triumphant on the morning of July 21, 2010, when Barack Obama, not quite two years into his presidency, strode to a podium inside the Ronald Reagan Building, a few blocks from the White House. As he prepared to sign the Dodd-Frank Wall Street Reform and Consumer Protection Act--the sweeping legislative package designed to prevent another spectacular financial collapse--into law, the president first acknowledged the miracle of having a bill to sign at all. "Passing this...was no easy task," he told the crowd of hundreds.

Read more on The Nation