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Book Details:
- Author : House of Representatives, Subcommittee on TARP, Financial Services and, Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, House of Representatives
- Publisher :
- Release : 2012-06-09
- ISBN : 9781477546987
- Pages : 104 pages
Download or read book Has Dodd Frank Ended Too Big to Fail written by House of Representatives, Subcommittee on TARP, Financial Services and, Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, House of Representatives and published by . This book was released on 2012-06-09 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's hearing will explore whether our largest financial institutions-I will start by giving an opening statement, so we will start the time now. Today's hearing will explore whether our largest financial institutions are still too big to fail. Despite passage of the Dodd-Frank Act and subsequent financial regulations, specifically, we are concerned about the ongoing perception that government bailouts remain an option for poorly managed financial firms.The bottom line is that 2,300 pages, or over that, Dodd-Frank was supposed to end too big to fail. As it turns out, Dodd-Frank has only reinforced the bailout culture, perpetuated the moral hazard of government intervention, and tipped the economic scales for a few at the expense of growth and competition.