Chart of the Day: The War on Dodd-Frank

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Dodd-Frank was not exactly a brutal piece of financial regulation even when it first passed. In fact, it was so watered down that its overall effect was always likely to be pretty modest. Since then, though, it’s gotten watered down even more. Why? Because banks are very, very rich and very, very connected, while financial reformers….aren’t. The chart below tells the story at a glance, showing the number of meetings to discuss regulatory interpretation and implementation over the past three years. As you can see, the reform groups never had a chance.

This comes via Erika Eichelberger, who has more here. Note that Goldman Sachs alone accounts for 222 of these meetings.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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