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Duke Law School’s Kim Krawiec and the Sausage Making of Financial Reform

"At the Better Markets conference last week at George Washington University – 'Five Years On, Learning Lehman’s Lessons from the Panic of 2008: Are We Better Prepared for the Next Financial Crisis?' – former Senator Ted Kaufman, now a visiting professor at Duke University School of Law, told the audience that “if you want to give up hope” on financial reform, just go look at a study by his colleague at Duke, Professor Kimberly Krawiec.

"The study is titled — “Don’t Screw Joe the Plummer: The Sausage Making of Financial Reform.”

"It was published earlier this year in the Arizona Law Review.

"In it, Krawiec looks at comment letters and meeting logs in the pre-proposal phase of the Volker Rule.

"The 8,000 letters were overwhelmingly from the public — with more than 7,000 form letters or modified form letters. They were from angry citizens demanding that the government get tough with the banks."

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