= Subscriber content; or subscribe now to access all American Banker content.

Dodd-Frank Reform Watch
Sponsored by

Why Dodd-Frank Is No Help: Allison

In my previous three posts, I described what I believe needs to be done to reform our monetary, banking and housing finance systems. Here I will explain why the Dodd-Frank financial reform legislation is not a solution.

In fact, it will make problems bigger in the long term.

The four major deficiencies of Dodd-Frank are:

  • The consumer compliance segment of the law is not about consumer compliance, it is about credit allocation. This is a fundamental move toward statism. If the government wants to control the economic system, the most effective way to do so is to control the allocation of credit and capital...

To read the full BankThink post see "The Cure for the Banking Industry, Part IV: Why Dodd-Frank Is No Help"




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.