If you need only one reason--the best reason--to repeal Dodd-Frank, here it is:
"I wouldn't want regulation to be repealed in total," --Blankfein, Chairman, Goldman Sachs
Blankfein has the US Gummint doing the heavy lifting for him.
"More intense regulatory and technology requirements have raised
the barriers to entry higher than at any other time in modern history,"
in 2015. "This is an expensive business to be in, if you don't have the
market share in scale. Consider the numerous business exits that have
been announced by our peers as they reassessed their competitive
positioning and relative returns."
The other big guys feel the same way. Jamie Dimon has praised Dodd-Frank for widening JP Morgan's "moat."
Maybe Blankfein and Dimon should be tossed into that 'moat.'
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