Friday, April 02, 2010

Dodd" "Useful Tool" for the Banks

Like TARP?

Sen. Dodd wants to make it permanent. the Dodd bill really tough legislation, particularly in its treatment of the major financial entities? My American Enterprise Institute colleague Peter Wallison argues that it is not, because it gives Too Big To Fail status to the big entities—Citigroup and JPMorgan Chase, Goldman Sachs and Morgan Stanley.

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