The regulatory scheme has punished small banks with compliance costs, forcing them to jump through hoops to satisfy bureaucrats in Washington. The shadow banks, hedge funds, private-equity firms, insurance companies and mutual funds will get their share when taxpayers will inevitably be required to pay for big bailouts when these companies go belly-up. Insiders know how to game the legislative system to get the advantage over their competitors. Exemptions from Dodd-Frank’s most painful requirements worked like magic.
Read more: http://www.washingtontimes.com/news/2014/may/13/editorial-relieving-mr-geithners-stress/#ixzz31grIbJty
Follow us: @washtimes on Twitter
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment