The Real Threat To Wall Street Reform Is The Treasury Department, Not Congress - The Intercept

A trader leaves the New York Stock Exchange after the closing bell on January 7, 2016. US stocks tumbled Thursday as another big drop in Chinese stocks spurred more worries about the world's second-largest economy and triggered another wave of selling across global equity markets. The Dow Jones Industrial Average fell 392.41 points (2.32 percent) to 16,514.10. The broad-based S&P 500 shed 47.17 (2.37 percent) to 1,943.09, while the Nasdaq Composite Index sank 146.34 (3.03 percent) to 4,689.43. For the second time in four days, trading in China was halted early after the benchmark Shanghai index fell seven percent. Moves by the Chinese central bank to weaken the yuan currency have rattled investors. AFP PHOTO / TIMOTHY A. CLARY / AFP / TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)

The Real Threat To Wall Street Reform Is The Treasury Department, Not Congress

Forget the House Republican bill to repeal Dodd-Frank. The threat to Wall Street reform is in Treasury.