There Are No New Banks; Dodd-Frank Hits Five

By |2015-07-21T11:12:11-04:00July 21st, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Today is the fifth anniversary of Dodd-Frank, the erstwhile government response to assure that the Panic of 2008 does not repeat. It was an ill-advised task to begin with as the panic itself took care of repetition. It is not, and never has been, past panic that should worry our future. Along with the legislation came the Consumer Financial Protection [...]