The Dodd-Frank Wall Street reform bill did not go far enough in addressing the challenges facing our financial system. For example:
People of Ohio, you are blessed to have someone actually worth voting for. (Yes, yes, I know Dennis Kucinich is also from Ohio - imagine two candidates worth voting for!)• It did not replace and strengthen Glass-Steagall, separating commercial banking from investing or speculation.
• It did not reform the credit rating agencies, which had a starring role in the misdirection of investors, including the fundamental business model of the credit rating agencies.
• It did not force every derivative to be traded openly and transparently on an exchange.
• It did not end too big too fail.
• It did not prevent Wall Street banks from replacing community banks.
• It did not encourage prudent lending.
• It did not strengthen support for those agencies finding and fighting fraud in our financial system.
• It did not properly address the housing crisis.
If the reference in Point #1 to Glass-Steagall, the critical Depression Era legislation that protected your bank account from financial fraud for half a century until eliminated by a cabal of Washington lackeys serving Big Finance at the turn of the century, leaves you confused, read "Another Weapon for OWS: Pull Your Money Out of BoA."
Concerning "too big to fail," see "Too Big to Exist."