Over at the Glom, the Dodd-Frank Masters forum continues for a third excellent day. There have been over twenty-five posts so far, on a wide range of issues covered (or not covered) by the Act, as well as a good exchange among the contributors in the posts themselves and in the comments. I posted a second set of thoughts today, in response to some prompting from moderator Erik Gerding.
At the risk of mischaracterizing either the general mood or specific individuals, I’d say that overall the assessment is fairly negative over there. While Larry Ribstein, Christine Hurt, and I are probably the most obvious skeptics, others have raised plenty of concerns with specific provisions. I’d say that Brett McDonnell is the most positive of the bunch, and does a good job of identifying some rays of hope in the legislation, though I don’t share his optimism about either the benefits of the package as a whole, or the likely ways in which regulators will use their grants of authority (but we’ll have to wait and see what they do in practice to know whether that glass is half-empty or half-full – or even all-empty or all-full).
In any event, it’s definitely worth stopping by the Glom again, if you still haven’t gotten your financial reform fix.
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