Greenberger: Derivatives Bill Weakens Dodd-Frank

Greenberger: Derivatives Bill Weakens Dodd-Frank Play

May 10 (Bloomberg Law) -- Michael Greenberger, a professor at the University of Maryland School of Law, tells Bloomberg Law's Lee Pacchia that a new set of legislation making its way through the House of Representatives could "substantially and seriously weaken Dodd-Frank" if passed into law, thereby putting U.S. taxpayers in danger having to bail out another financial institution. While Greenberger suspects that he Obama administration and the Senate will ultimately block the measures, he believes more needs to be done to convince the American people that the derivatives reforms required by Dodd-Frank are necessary to achieve transparency and accountability in the market.

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