Chart of the Day: The War on Dodd-Frank

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Dodd-Frank was not exactly a brutal piece of financial regulation even when it first passed. In fact, it was so watered down that its overall effect was always likely to be pretty modest. Since then, though, it’s gotten watered down even more. Why? Because banks are very, very rich and very, very connected, while financial reformers….aren’t. The chart below tells the story at a glance, showing the number of meetings to discuss regulatory interpretation and implementation over the past three years. As you can see, the reform groups never had a chance.

This comes via Erika Eichelberger, who has more here. Note that Goldman Sachs alone accounts for 222 of these meetings.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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