I’m no fan of the banks and Wall Street, but these “reforms” just make our economy less strong and put burdens on just about any US citizen or US company, yet will not stop any future financial melt down. It’s full or junk regulations, sweet deals for the usual big shots and lets the government snoop in everyone’s bank account or business financing.
One reason why I’ve reserved judgment on this — until I learn more about it — is that much of this country’s financial woes can be directly traced to the “reforms” that were put in place through the Gramm–Leach–Bliley Act in 1999 under the Clinton administration and the GOP-led Congress. If the current bill effectively reverses the worst parts of that previous “reform” (which itself involved the reversal of the Glass-Steagall Act of 1933), then I can’t say it’s necessarily a bad thing.