Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts

Wednesday, March 01, 2017

The Myth Of Dodd-Frank Defended

Democratic demagogues like Liz Warren want to defend the Dodd-Frank law that meddles in banking and has caused small banks to disappear, and recent testimony from Fed Chairman Janet Yellen tries to strengthen their case - a case based on inaccuracies.

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.

Wednesday, July 21, 2010

Two Crooks Dishing

First is this repost from June 28:

Chris Dodd and Barney Frank are crooks. Being elected officials they get the ultimate area where they can swipe money and spend it. They've thus authored a financial "reform" bill that's about spending money and forcing someone else to pay for it. But they may have sealed their bill's doom.

UPDATE: The Dodd-Frank monstrosity passed, but got somewhat neutered, and the caving of a few weak Republicans helped a bill that otherwise was doomed.