Frank-Dodd In A Box

Tyler Durden's picture

As US financials continue to surge, the far-reaching impacts of the simple-sounding-yet-inordinately-complex Dodd-Frank bill are perhaps still not appreciated by all. BusinessWeek have done us all a favor by creating the One Chart that explains it all (with a tongue-in-cheek overlay). Whether you are a B.S.D. prop desk, a homeowner, a filthy rich CEO, a bank, or a mortgage provider, there is a little 'shared sacrifice' here for everyone in the easiest-to-grasp graphic on the lengthy bill we have seen yet.

 

 

Source: BusinessWeek

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falak pema's picture

This isn't signed WB7... If he had signed it there would be more colour n sexy stuff and more poetry and gore. 

I love drama in artistic work. I don't like Powerpoint corporate sobriety, it reminds me of weak and tepid coloured water called "cawfee". 

bullnutz's picture

Dodd-Frank Act was once billed as, "the act which brought the most significant changes to financial regulation in the United States since the regulatory reform which followed the Great Depression."  Precious metal bugs deemed it a glimpse of hope to ending the manipulation.  Signed into law on July 21, 2010 the act's implementation has been passed around, delayed, awaiting definition, and now faces almost certain repeal in the coming months.  Certain repeal unless the key stakeholders can influence an abolishment of what Dodd-Frank stood for.  Alternatively, it'd be a lot easier if we said we didn't qualify because we were not systemically important.  After all, we as the CME, are just a small derivatives marketplace with minimal effect on the overall economy.  Just give us a second to change the "About Us" section on our website, "As the world’s leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. We offer the widest range of global benchmark products across all major asset classes. The company is comprised of four Designated Contract Markets (DCMs)."

 

http://silverdoctors.blogspot.com/2012/02/cme-not-systemically-important-enough.html

gmrpeabody's picture

One Adam 12...One Adam 12...

We have a robbery in progress...

slewie the pi-rat's picture
he's a troll, mrPeabody!

you can see what he does by sampling his work.  i checked the piece below and there's his spam, there, too

the "slverDoctors" are so nice to have around, b/c they have "silver" AND "doctor" in their name, and apparenly they, like ORI have found that jumping the zH strings to spam the site are really good for business, because ___________________   (fill the blank, for yourself, friend)

'S&P Says Greek Default Imminent'
gmrpeabody's picture

+1

I never thought otherwise, slewie.

slewie the pi-rat's picture

L0L!!!

did you enjoy "filling in the blank" w/ slewie, mrPeabody?

bullnutz's picture

Dodd-Frank Act was once billed as, "the act which brought the most significant changes to financial regulation in the United States since the regulatory reform which followed the Great Depression."  Precious metal bugs deemed it a glimpse of hope to ending the manipulation.  Signed into law on July 21, 2010 the act's implementation has been passed around, delayed, awaiting definition, and now faces almost certain repeal in the coming months.  Certain repeal unless the key stakeholders can influence an abolishment of what Dodd-Frank stood for.  Alternatively, it'd be a lot easier if we said we didn't qualify because we were not systemically important.  After all, we as the CME, are just a small derivatives marketplace with minimal effect on the overall economy.  Just give us a second to change the "About Us" section on our website, "As the world’s leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. We offer the widest range of global benchmark products across all major asset classes. The company is comprised of four Designated Contract Markets (DCMs)."

 

http://silverdoctors.blogspot.com/2012/02/cme-not-systemically-important-enough.html

slewie the pi-rat's picture

 

 

  • ASSWIPE
  • SPAMBOT
  • HIT&RUN
  • FUKING
  • SHITHEADED
  • TROLL
marcusfenix's picture

tax season crackdown bitchez!

Barry Mcokiner's picture

According to the DOJ we all are.

pods's picture

Kind of an oxymoron if you ask me.

pods

Matt's picture

I'm missing something; these changes seem to be mostly positive ones.

A few seem a little subjective, like being required to recommend the best investments for your clients even if it doesnt make you as much money.

Why are people so against Dodd-Frank?

Seasmoke's picture

they both should be in pine boxes, six feet under

Caggge's picture

A day late and a couple Trillion dollars short.

 

Glass-Stegall was the answer.

Heyoka Bianco's picture

But Glass Steagall is named after a couple of long dead guys, so nobody in power now could take credit. Besides, re-instating GS would lead quickly to the most uncomfortable question "Why was it repealed in the first place?"

The_Laughing_Man's picture

"Um.. err.. my handler is telling me I have another appointment to go to."

BlueCollaredOne's picture

Smoke and mirrors.

There are already many laws being broken that the SEC doesn't bother to investigate, and I've seen reports that the SEC are laying off workers as well as shifting them to focus on small petty crimes. John Corzine anyone?

This was a copout for wall st to say "We thought everything was legit, afterall, the SEC didn't stop us"

Why else would you give an agency that has proved inept more power?

francis_sawyer's picture

So when Frank pulled that one out of his a55, what else did he find up there?

Nevermind ~ i don't want to know...

ragnarb's picture

Yeesh, I think I'll go all cash and black market.

spastic_colon's picture

......just more support for mark-to-model, you think there is no incentive in D/F for appraisers et. Al. to fudge numbers?

dwdollar's picture

There's little you can't comply with, when you have an army of lawyers at your side. As always, more regulation will hurt the smaller guys hardest.

jimijon's picture

What does "FTW" mean in the context of the Volcker Rule?

Dr. Engali's picture

 

Aye sir, the more they overtech the plumbing, the easier it is to stop up the drain." -- Scotty, Star Trek III: The Search For Spock

DOT's picture

Congress passing the Buck; some GS 9 will take over responsibility to regulate something totally beyond his or her understanding.

Burr's 2nd Shot's picture

Bullshit put in picture format is still bullshit.

An easier-to-grasp depiction would be TBTF institutions pouring cash into a campaign contribution funnel, with congressional pigs feeding from a trough at the other end of the funnel. 

FranSix's picture

No firing squads?

RSloane's picture

Dodd is still saying he has not read the bill that has his name on it.  That's why he can sleep at night.

optimator's picture

Dudd had a chance to go down in the history books if he only was a senator a little longer.  If censured he would have been part of the only Father Son team in the history of the Congress to be censured.

Sunshine n Lollipops's picture

Rules. Bah! Regulations. Pfffft! Laws. Too funny!

Here's all you need to know: This is a kleptocracy. The kleptocrats make the rules. If you're not a kleptocrat, well . . . . too bad for you. Better luck next time. Thanks for playing. Now run along. God's work is being done here.

highwaytoserfdom's picture

You Know that these regulation make absolutly no difference...   Sarbanes Oxley not enforced on multinationals, SEC is bought by K street...   MY  goodness nothing on multi nationals is  enforced..  Think about Dodd one of the most currupt Senators with Countrywide scandle which left the "good intentions" and entered the Ponzi a long long time ago, Dodds wife in the dirriatives..  Think of the commodies traders that got killed because of the synthtics (cds, abx ect) TBTF broker dealers....Think of the miners, farmers, energy use and hedging that was killed.... Think of MF putting JPM in line before the farmer hedging ON A COMMODY FIRM.  Ron Paul is right we have a soft form of fashism..  

"A growing coalition of large corporations, congressional Republicans, and a few Democrats including Sens. Schumerof New York and Kay Hagan of North Carolina, and even labor leader Andy Stern are all in favor of enacting a one-time repatriation initiative. 

A 2005 repatriation program cut the top U.S. corporate tax rate for companies repatriating foreign profits from 35 percent to 5.25 percent. "

Read more: http://www.thefiscaltimes.com/Articles/2011/12/07/1-Point-4-Trillion-Tax-Holiday-A-Year-End-Bonus.aspx#page1#ixzz1liPrIz28

http://www.businessinsider.com/corporate-tax-breaks-2011-2#deferral-of-income-from-controlled-foreign-corporations-10

Xkwisetly Paneful's picture

Seven federal agencies and state regulators are already assigned to the banks.

They possessed amongst the highest reserves in the world.

Some of the  banks that failed like WAMU preceeded most if not all federal  banking regulation by 40years.

 This perpetual incessant belief in the repeatedly proven epic failure is mind numbing.

 

 

 

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