It's looking to be a good thing.
The prior unregulated failure points in the system will be brought into the regulatory scheme.
This is a good thing I think.

Unfortunately the largest single problem in the system and the single greatest failure point of all is not exposed to any oversight., The Government regulated into existence the entire sub prime problem. But for the United States Government forcing an atmosphere where people who could not demonstrate ability to repay were getting loans. This was the first shoe to fall in this recession. It's the single millstone that dragged the rest of the market down causing all other weak points tumble too. There were laws on the books ( since 1994) that would have prevented the sub prime problem but the Fed was able to subvert those laws by it's power to designate which sorts of financial leverage devices should be regulated and which not. The Fed chose to leave mortgage origination out of the scope of that law's reach.

However, the regulatory method to solve for the bad loan problem is to make sure that the "Origination abandonment" of mortgage loans is no longer possible. Prior to this day, the origination entity was able to just originate and abandon selling off the loans to whomever would buy them This will end under the new scheme.

I know, I know. It's like going back in time to the bad old days when banks didn't lend people money who couldn't show ability to repay.
I am unsure what psychotic horse shit cluster fuck of theft the Traitor in Chief wants to ram down our throats to make sure that the Vermin get to live the American Dream too. You can bet he is going to try to figure a way to make you pay for the parasites.
He does love his parasites so.

More financial controls over more of the market will, of course, cost more money to ensure compliance and those costs will (they always do) find their way all the way through the consumer end of the system.

What is not being regulated is the Shareholder.
That is interesting. I'd have thought that the Communist in Chief would have sought to make individual shareholders responsible for what the board and Executives do. Maybe his cronies in Corporate America wouldn't have any of that.


www.whitehouse.gov/the_pres...y-Reform/