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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We've never been very good at being conservative.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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