Sep
11
Morning Agenda: Dodd-Frank Tussles, Sham Accounts at Wells Fargo, and a Curious Short
By
Private equity firms have increasingly taken over public services like emergency care and firefighting, often with dire effects. CreditJennifer Daniel
The Dodd-Frank Act must be a real drag for private equity. After years of scant federal oversight, the sector was suddenly lumped with a new set of regulatory exams and reporting obligations.
Private equity has been lobbying hard, though, and the years of persistence may just pay off today, when the House votes on a bill the industry has championed.
If it passes, private equity firms will still have to put up with federal exams, but their reporting obligations will be loosened…
Morning Agenda: Dodd-Frank Tussles, Sham Accounts at Wells Fargo, and a Curious Short
