In their introduction the Martens attempt to put a gloss of bi-partisanship over the hoax of this bill, but fail to provide any linked documentation. Their conclusion puts the lie to any bi-partisanship involved in the evolution of this bill. Aside from their introduction the rest of the article provides an excellent exposé of how the bill is being used to fool the American people into believing that it significantly places restrictions on the too-big-to-fail banks.
The legislation promised to rein in derivatives – it didn’t. It promised to end the future need for taxpayer bailouts of too-big-to-fail banks. It didn’t. It promised to institute the Volcker Rule to prevent banks from gambling with insured deposits. It didn’t. It promised to reform the practices of the ratings agencies that played a pivotal role in the 2008 collapse. It didn’t.