Commentary: Dodd-Frank Act allows financial institutions to fail

07/30/2013 | Politico (Washington, D.C.)

Former Sen. Chris Dodd and former Rep. Barney Frank write that the Dodd-Frank Act empowers regulators to let ailing financial institutions die, by expressly forbidding the use of public money to save an ailing business. Banks can no longer become too big to fail, because the law forbids the government from preventing their failure, Dodd and Frank write.

View Full Article in:

Politico (Washington, D.C.)

Published in Briefs: