The Republican takeover of the U.S. House of Representatives and the Democrat’s loss of their supermajority in the Senate may have the financial industry looking for better times ahead, but don’t break out the champagne yet. To be sure, the Administration’s legislative agenda has been dealt a serious blow. As the President himself confessed on election day, “My whole agenda is at risk.” Based on the outcome, it might be easy to conclude that the President’s agenda has been completely derailed; but that would be a mistake. To continue reading about the Republican takeover of the House, please click here.