Saturday, June 21, 2014

Big Banks are Too Big

  
                   
Federal regulators keep trying to cut the size of big banks which they claim have become too big to fail. The clumsy Dodd-Frank Act of 2010 has staggered along with its thousands of pages of bureaucrat lingo, that included an attempt to keep banks secure. All it has done so far has made banks larger.
                       
Breaking them up isn’t easy, nor will it solve the problem of safety. Smaller banks will have to work with each other to accommodate the economy, and this keeps stacking a potential house of cards. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter)
                       

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