10 Dodd-Frank Actions to Watch in 2013

The Dodd-Frank Act was presented to the nation two years ago as the prescription to avoid a repeat of the financial crisis of 2007-2008. As my co-authors and I discuss in an upcoming book, Dodd-Frank: What it Does and Why It’s Flawed, due out later this month, the prescription wasn’t well-suited to the problems that gave rise to the crisis. Dodd-Frank doesn’t take away the taxpayer safety net and force the market to sink or swim without government guarantees. It doesn’t address the dangerous dependence on taxpayer guarantees in housing finance that was central to the crisis. Dodd-Frank deepens the government’s entanglement with the biggest financial institutions and threatens to shrink the ranks of smaller institutions through regulatory inundation.

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