Michelle Singletary – Insecure about securities? Lawmakers hope studies will teach otherwise.
Referring back to my blog post Now There’s a Mouthful:The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 dated 7/28/2010, in this article Michelle refers to 7 of the 60+ studies that were commissioned by this legislation. I share her hope that we end up with information from these studies that will further the protection of investors.
However, my thoughts are far more cynical. I believe that the junkyard dog will end up gumming us to death because it has no teeth. I would like to be wrong. But, I feel that special interests will wheedle their way into these studies and render some of the outcomes less beneficial than intended for the investing public.
Jane Nowak is a Financial Planner with Kring Financial Management located in Atlanta, Ga. Jane’s practice focuses on Women’s Retirement Planning and Financial Planning for Women. Her articles have been published on line at NASDAQ, Financial Planning Association and Womenetics.com. Follow Jane on Twitter at: http://twitter.com/moneygal2020