Did Dodd-Frank set up a tyranny in our financial system?
Joining Host, Dennis McCuistion, are:
- George A. Selgin, PhD: Director of the Cato Institutes’ Center for Monetary and Financial Alternatives, Professor Emeritus of Economics at the University of Georgia
- William K. Black: White collar criminologist and former financial regulator; Author: Best Way to Rob a Bank Is to Own One
- C.K. Lee: Managing Director, Investment Banking, Commerce Street Capital, former bank regulator
- via a prior taped interview, Jeb Hensarling (R- TX): Chair, House Financial Services Committee
Our guests state that some regulations have actually caused risk, helped the big banks become bigger, small banks fewer with many closing their doors as a result because of the crippling. A Harvard University working paper released in early 2015, argues Dodd-Frank is the culprit contributing to fewer community banks.
Regulations were supposed to unleash the market, yet we are at 2% economic growth, compared to a historic 3.5% growth. The average family has stagnant paychecks, has lost savings, have less access to credit, and we’re losing a community financial institution a day because of the volume and complexity of Dodd-Frank and other regulatory overkill.
Thanks for joining us,
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Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
2312 – 08.07.2016 (original airing date)