Monday, August 16, 2010

Lawyers and Finance

08.02.2010

So many new rules coming out this year and in that 2300 page document....lawyers have quite a trek ahead of them.

Recovery

08.01.2010

The Dodd-Frank Financial Reform and Consumer Protection Act aims to reduce the systemic risk inherent in OTC markets. With the new rules, the economy may just recover and avoid further mistakes like the ones made before.

Relaxed Regulations

07.30.2010

Big banks had relaxed rules in the Over-the-Counter markets. The financial reform imposes many new rules and regulations that will be a headache to adhere to for the banks, but will end up as beneficial. This cartoon is not saying that banks have done nothing or are not willing to do anything. It's more a commentary on how much of a headache the reform is in the short-term.