Saturday, October 13, 2012

Dodd-Frank's Big Kiss to Too Big to Fail Wall Street

Mona Charen reports:
Dodd/Frank weighs in at more than 1600 pages, and has already spawned more than 8000 pages of regulations -- about 30 percent of the estimated total. Many small banks believe Dodd/Frank is putting them out of business. The Wall Street giants can afford to hire compliance officers, but smaller banks are crippled by the regulations. Compliance costs are cutting into banks' profit margins and limiting the capital available for lending.
The banking cartel gets less competitive under the Obama regime.