by Pam Martens and Russ Martens, Wall St On Parade:
Four researchers at the University of Westminster School of Finance and Accounting in London have taken a hard look at the much-touted Dodd-Frank financial reform legislation in the U.S. that was signed into law by President Barack Obama in 2010. The voluminous 848-page bill followed the greatest financial crash in the U.S. since the Great Depression. Unfortunately, it was big on word count and short on iron-clad reforms, leaving the implementation of final rules to be negotiated by revolving-door regulators and an army of Wall Street lobbyists and lawyers. (For how that has played out over the ensuing 14 years, see here, here, here and here.)