FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports that the U.S. Securities and Exchange (SEC) Commissioner Daniel Gallagher says the Dodd-Frank Act “could take several years to implement” and that the SEC is “less than halfway through figuring it out.”
Excerpts from the report are below.
Talk of inflation has been swirling for some time amid all the stimulus that's been pouring into the market and the soaring debt levels in the U.S. The Federal Reserve has said that any inflation that does occur will be temporary, but one hedge fund macro trader says there are plenty of reasons not to Read More
On whether it will take several years to implement the Dodd-Frank Act:
“We talked to Dan Gallagher SEC Commissioner…He says it could take several years to implement – they are less than halfway through figuring it out and the Volcker Rule is nowhere to be found. People are just making it up. I mean it is really crazy.”