Salon – The Dodd-Frank bank reform act has always worked perfectly as prism for determining partisan alignment. Conservatives see it as burdensome over-regulation that will unfairly constrict the banking industry and slow overall economic growth. Liberals see it as a hopelessly co-opted toothless compromise, gutted by special interests.
The reaction to the law works as a perfect metaphor for the Obama administration’s overall record — take your pick: outrage or disappointment. Well, we finally have some data that casts light on both narratives. On March 12, 2012, a provision of Dodd-Frank requiring hedge fund managers to register with the Securities and Exchange Commission and provide information about their trading activities came into effect.