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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LESS DREADING, MORE DOING

This is the rubber-meets-road moment: the early days in our first fundraising drive since we took a big swing and merged with CIR to bring fearless investigative reporting to the internet, radio, video, and everywhere else that people need an antidote to lies and propaganda.

Donations have started slow, and we hope that explaining, level-headedly, why your support really is everything for our reporting will make a difference. Learn more in “Less Dreading, More Doing,” or in this 2:28 video about our merger (that literally just won an award), and please pitch in if you can right now.

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