The Morning Now: 7/22/13

Updated
AP Photo/Carolyn Kaster
AP Photo/Carolyn Kaster
Carolyn Kaster

Because that Royal baby isn’t going to watch itself:

On to the show! Chris Dodd and Barney Frank will be joining Alex today to discuss the Dodd-Frank Act, three years after it was signed into law by President Obama. Also on the show:

Luke Russert, NBC News Capitol Hill Correspondent (@lukerussert)
Margaret Carlson, Columnist, Bloomberg View (@carlsonmargaret)

Frank Foer, Editor, The New Republic (@franklinfoer)
Bill Burton, Executive Vice President, Global Strategy Group/former senior advisor to Priorities USA Action (@billburton)

This weekend marked the three year anniversary of the Dodd-Frank Act, and its effectiveness in preventing another financial crisis is still hotly debated. While the legislation has had some success, notably the creation of the Consumer Financial Protection Bureau and stricter regulation of derivatives, some argue it has fallen short of its original, ambitious intentions. The Washington Post calls the bill a work in progress, noting “the same intense lobbying and political wrangling that took place when the bill was being written has continued to hold up or water down some of its provisions.” Can it still put an end to “too big to fail”, and are we any safer than we were in 2008?

Next up, President Obama’s 19 minute, seemingly off the cuff, remarks about the state of race relations in this country has been hailed by many as a defining moment of his presidency. The speech drew praise from across the political spectrum. David Brooks described it as “a symphony of indignation, professionalism, executive responsibility, personal feeling”, while even Erick Erickson tweeted his approval (Hannity? Not so much). What will be the legacy of the speech, and might we see any actual policy changes as a result of it?

And yes if the Royal baby is born we’ll let you know.

The Morning Now: 7/22/13

Updated