Part 7/10:
The efficacy of proposed financial reforms is severely undermined by Wall Street's lobbying machine. Despite legislation aimed at curbing excesses, regulatory agencies frequently face courtroom battles ignited by Wall Street interests, hampering their ability to follow through on reforms.
In characterizing Wall Street's pervasive influence, analysts liken its operations to a ‘Titanic’ scenario, where powerful firms profit from calamity rather than seeking systemic improvement. The culture of speculation often prioritizes profit over the societal implications of their actions.