Following the passage of the final financial reform bill, experts and critics are sifting through the legislation to assess the fate of all those involved. Some say that big banks, the main targets of reform, were ultimately given a pass. Professor Roberta Karmel, a former SEC commissioner, told American Banker: "Nobody has done anything to break up the big banks. The big banks were winners whether they know it or not. Everybody likes to say... small banks are so important for capital formation. But in the end, the big financial institutions won out."
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