I
keep writing about our inept federal regulators, about their actions
and how they do everything but regulate what they set out to do.
I
have taken particular aim at the Dodd-Frank Act with its
over 200 provisions still to be completed, and which has had so many,
by now, countless unforeseen negative effects.
Such
as forcing the banks “too big to fail” to keep adding to capital.
This makes them less profitable, when they must be able to attract
necessary capital for a thriving economy.
Moreover,
this is foolish when capital cushions can be wiped out overnight
whenever you mark-to-market the bank’s assets in poor markets, as
in 2008. (See the Earl J Weinreb NewsHole® comments and
@BusinessNewshole tweets.)
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