Tuesday, January 16, 2018

Cohn: Congress will 'hopefully' pass bank reg overhaul within months

This reform is on the back burner for now.  Cohn is now thinking by end of first quarter '18:

Cohn said on Bloomberg News that the Senate bill to roll back the Dodd-Frank Act would "hopefully" see floor time in January and pass the House “in the first quarter of this year.”

The draft legislation has included some stability increasing capital exemptions for non-risk assets.


Ralph Musgrave said...

So the bribes paid by banksters to politicians have worked....:-)

Matt Franko said...

It’s just self-interest Ralph... same as the rest....