The Dodd-Frank Financial Reform Bill is a Valuable Step Forward is the subject of a blog on the Brookings Institution web site. According to the author, Douglas J. Elliott, Fellow, Economic Studies, Initiative on Business and Public Policy

“I believe that the bill, combined with regulatory changes that are in train, will move us perhaps two-thirds of the way from where we are now on financial regulation to where we should be. In the real world, this is grounds for real congratulations. It is impossible to achieve legislative perfection when transforming such a major sector of the economy. In addition to the obvious constraints created by politics and vested interests, we simply do not always know the right answers, given how complex and inter-related modern financial institutions and markets have become. Even experts legitimately disagree on important points.”

It’s only a blog, so don’t expect a lot of detail to back up the opinion of the author..