One of the criticisms we most often hear about the Dodd-Frank Act is that it didn’t end too-big-to-fail policies, but rather enshrined them. In her new book,
American Banker’s Rob Blackwell recaps that section for us:
"Bair eventually succeeded in convincing lawmakers to explicitly ban bailouts in Dodd-Frank, but the damage was done. GOP lawmakers continue to use Geithner's original proposal to falsely claim that Dodd-Frank enshrines bailouts, she says."
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