GOP Budget Cuts Leave Agencies Too Broke To Police Wall Street, Top Regulators Tell Congress

GOP Budget Cuts Leave Agencies Too Broke To Police Wall Street, Top Regulators Tell Congress: Two of the nation’s top financial regulatory agencies don’t have enough funding to competently regulate the Wall Street banks they oversee, top regulatory officials told the Senate Banking Committee yesterday. The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) both took on new regulatory responsibilities under the 2010 Dodd-Frank Wall Street Reform [...]/p