With all of the campaign contributions they’re receiving from Wall Street, who ever would have imagined such a thing? Because self-regulation, dumping consumer protections and adding in more fees for customers has worked so well in the past. Countdown to the Great Recession II. Why would anyone in their right mind want to invest on Wall Street? What’s worse is that there will be plenty of Democrats ready to join the GOP in this destruction as they have done in the past. Until they prove otherwise, it’s hard to imagine them being tough enough to fight against this insanity. Reuters:

Analysts see little to no chance of a full dismantling of the law meant to prevent a repeat of the 2007-2008 financial crisis that set off the worst U.S. recession in generations.

But Republicans are targeting specific provisions of the reforms, such as funding for the new consumer watchdog. On such narrow issues, they might get some traction, analysts said.

The congressional oversight process, about to get going as regulators gear up for implementation, may lead to substantive tweaks to the complicated Dodd-Frank financial regulation law.