Sunday, April 03, 2016

Dodd-Frank Myths Exposed Anew

The Dodd-Frank law is pushed as a necessity for regulating banks. But its impact on bank capital has been irrelevant, yet it hasn't stopped its defenders from making arguments that are dangerously false.

UPDATE, April 20:
On March 30 a US District judge reversed a government ruling that MetLife was "too big to fail." The House meanwhile is putting Dodd-Frank on an actual budget. Government hacks are up in arms.

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