The Dodd-Frank financial regulation has an immense transformational impact on American society as well as its economy. It will take decades for its tentacles to be clearly defined.
One of its unintended consequences: Walmart and other companies can now do more openly the type of financing that banks will not wish to undertake because of severe regulations now in place under the new regulations.
Large industrial companies have been giving small business loans where banks have not. Should this favorable trend continue, no doubt Uncle Sam will then step in under pressure from the anti-business Left. (See the Earl J Weinreb NewsHole® comments.)
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