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New Rules, Big Changes Coming For Financial World

Sunday, July 11, 2010 - 8:21 AM
"There is some immediate impact," said Scott Talbott, senior vice president at the Financial Services Roundtable, an industry group representing some of the bigger banks in the United States. "But it will take about two years before the full impact is felt, before the uncertainty starts to dwindle."

(bold mine)
The bill directs regulators and other government agencies to undertake more than 60 studies that will determine if or how new rules will be put into place.

Doing the studies after passing the bill...?
MikeMike327 posts since
Feb 22, 2010
Rep Points: 876