---
title: 'Financial Reform Roundup: Banks "Built on Sand"'
description: 'Financial reform news from around the Web: The 1,300-page financial reform bill before Congress contains plenty of controversial provisions. Here''s a rundown of five issues…'
authors:
  - name: timestaff
    url: https://money.com/author/timestaff/
    articles: 459
    covers:
      - Banking
      - Career Advice
      - Credit
      - Credit Cards
      - Housing
      - Identity Theft
      - Insurance
      - Investing
      - Lifestyle
      - Loans
      - Mortgages
      - Personal Finance
      - Professional Services
      - Retirement
      - Shopping
      - Taxes
    former_staff: true
published: '2010-04-17T01:04:05.000Z'
modified: '2024-05-07T08:39:55.000Z'
section: Economy and Politics
tags:
  - banks too big to fail
  - break up banks
  - Congress
  - financial crisis
  - financial reform
  - financial reform bill
word_count: 145
canonical: https://money.com/financial-reform-roundup-banks-built-on-sand/
type: Article
source: structured-blocks
---

> **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/).

![Financial Reform Roundup: Banks "Built on Sand"](https://money.com/content.money.com/wp-content/uploads/2014/06/140601_money_gen_13.jpg?crop=0px%2C733px%2C4780px%2C2689px&resize=1012%2C569&quality=85&strip&ssl=1)

Financial reform news from around the Web:

-   The 1,300-page financial reform bill before Congress contains plenty of controversial provisions. Here's a rundown of [five issues that promise heated debate between lawmakers and lobbyists](http://motherjones.com/politics/2010/04/financial-reform-senate-five-fights-watch-debate-mcconnell-gop-democrats-controversy-capital-risk-retention). \[Mother Jones\]

-   An anonymous veteran banker opens up about what he sees as a [faulty financial system and the necessity of breaking up banks that are Too Big To Fail](http://www.huffingtonpost.com/2010/04/13/the-fourteen-banker-anony_n_534820.html?page=1). He also discusses the need for whistleblower protection. \[The Huffington Post\]

-   Michael Lewis: Good financial reform will make all banks less profitable, but if nothing changes, another crisis will occur. ["The financial world feels like it's built on sand right now."](http://www.latimes.com/entertainment/news/la-ca-conversation11-2010apr11,0,2704406.story) \[Los Angeles Times\]

-   One columnist asks whether it's too soon for financial reform. He argues that before rushing to pass a bill, Congress should finish investigating the causes of the financial crisis. \[The Atlanta Journal-Constitution\]

*Follow Money on Twitter at* [*http://twitter.com/money*](https://twitter.com/money).

```json
{
  "@context": "https://schema.org",
  "@graph": [
    {
      "@type": "BreadcrumbList",
      "@id": "https://money.com/financial-reform-roundup-banks-built-on-sand/#breadcrumb",
      "itemListElement": [
        {
          "@type": "ListItem",
          "position": 1,
          "name": "Home",
          "item": "https://money.com"
        },
        {
          "@type": "ListItem",
          "position": 2,
          "name": "Economy and Politics",
          "item": "https://money.com/economy-and-politics/"
        },
        {
          "@type": "ListItem",
          "position": 3,
          "name": "Financial Markets",
          "item": "https://money.com/financial-markets/"
        },
        {
          "@type": "ListItem",
          "position": 4,
          "name": "Financial Reform Roundup: Banks \"Built on Sand\""
        }
      ]
    },
    {
      "@type": "WebSite",
      "@id": "https://money.com/#website",
      "url": "https://money.com",
      "name": "Money",
      "publisher": {
        "@id": "https://money.com/#organization"
      }
    },
    {
      "@type": "WebPage",
      "@id": "https://money.com/financial-reform-roundup-banks-built-on-sand/#webpage",
      "url": "https://money.com/financial-reform-roundup-banks-built-on-sand/",
      "name": "Financial Reform Roundup: Banks \"Built on Sand\"",
      "isPartOf": {
        "@id": "https://money.com/#website"
      },
      "datePublished": "2010-04-17T01:04:05.000Z",
      "mainEntity": {
        "@id": "https://money.com/financial-reform-roundup-banks-built-on-sand/"
      },
      "inLanguage": "en-US",
      "breadcrumb": {
        "@id": "https://money.com/financial-reform-roundup-banks-built-on-sand/#breadcrumb"
      },
      "dateModified": "2024-05-07T08:39:55.000Z"
    },
    {
      "@type": "Article",
      "headline": "Financial Reform Roundup: Banks \"Built on Sand\"",
      "articleSection": "Economy and Politics",
      "image": [
        {
          "@type": "ImageObject",
          "url": "https://img.money.com/2014/06/140601_money_gen_13.jpg?quality=85",
          "width": 4780,
          "height": 3540
        }
      ],
      "author": [
        {
          "@type": "Person",
          "name": "timestaff",
          "url": "https://money.com/author/timestaff/",
          "@id": "https://money.com/author/timestaff/#author"
        }
      ],
      "publisher": "https://money.com/#organization",
      "datePublished": "2010-04-17T01:04:05.000Z",
      "description": "Financial reform news from around the Web: The 1,300-page financial reform bill before Congress contains plenty of controversial provisions. Here's a rundown of five issues…",
      "abstract": "Financial reform news from around the Web: The 1,300-page financial reform bill before Congress contains plenty of controversial provisions. Here's a rundown of five issues…",
      "@id": "https://money.com/financial-reform-roundup-banks-built-on-sand/",
      "inLanguage": "en-US",
      "dateModified": "2024-05-07T08:39:55.000Z",
      "wordCount": 145,
      "keywords": [
        "banks too big to fail",
        "break up banks",
        "Congress",
        "financial crisis",
        "financial reform",
        "financial reform bill"
      ],
      "about": [
        {
          "@type": "Thing",
          "name": "Political economy",
          "sameAs": [
            "https://en.wikipedia.org/wiki/Political_economy"
          ]
        },
        {
          "@type": "Thing",
          "name": "Financial market",
          "sameAs": [
            "https://en.wikipedia.org/wiki/Financial_market"
          ]
        }
      ]
    }
  ]
}
```