Hacker News Reader

Frank-Dodd wasn't nearly as strict as the post-1929 regulation (Glass-Steagall act) that actually prevented such crisies for half a century.

Sure, but is that Obama's fault? See GP

If it wasn't in his power to toughen regulation, why did he promise it in his campaign?

So do you or do you not understand how the branches of government work?

An executive's promise can only mean "I will sign the bill" because aside from executive orders, legal structures originate from the legislative.