Thursday, December 18, 2014

Dodd Frank Toothless for PEU's Until 2017

BBC News reported on the sweet hand Congress and regulators continue giving taxpayer backed banks:

The new extension applies to other types of "legacy covered funds", according to a release on the Fed's website, which include "having certain relationships with a hedge fund or private equity fund".

Dodd Frank's PEU tooth may come in by mid-2017.