Dodd-Frank Reform Watch
Sponsored by

Panelists Argue Over Fed's Necessity at Dodd-Frank Seminar

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

John Allison, former chairman and chief executive of BB&T, made a pitch to abolish the Federal Reserve at a Dodd-Frank Act seminar.

Allison did not go unscathed, however, as he was "hit with a blacklash from other participants on the Friday panel held in Washington and hosted by the Federalist Society," writes American Banker's Rachel Witkowski.

The panel was supposed to focus on Dodd-Frank, but quickly changed course after Allison's comment. Michael Barr, who helped draft Dodd-Frank as an assistant Treasury secretary during the Obama administration argued, "We would all be worse off as a country if the Federal Reserve did not intervene when it did."

Neil Gorsuch, the panel's moderator and a federal judge who sits on the U.S. Court of Appeals, repeatedly cut off arguments about the Federal Reserve.

For the full piece see "Dodd-Frank Panelists Spar Over Fed's Necessity" (may require subscription).

JOIN THE DISCUSSION

SEE MORE IN

Legal Bills Pile Up at Banks
Each quarter banks report their worst-case estimates of costs tied to lawsuits and regulatory probes. Some banks reported lower figures in recent quarters, but others are braced to spend more to resolve legacy issues. New legal threats loom, too.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

About

As Dodd-Frank's impact continues to be felt far beyond banks' compliance departments, American Banker is your eyes and ears. In addition to our award-winning coverage, we now also scour a range of resources to aggregate even more of the news you need on this vital topic.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.