Financial Services Committee Chairman Spencer Bachus today announced the release of new House report: “The Dodd-Frank Act, the Persistence of ‘Too Big to Fail,’ and the Institutionalization of Government Bailouts.” The seven-page analysis makes an argument against claims made by Dodd-Frank supporters that the 2,300-page law ends “too big to fail.”
Lofchie Comment: I thought the brief point made as to the Resolution Authority was pretty good (at least it confirmed my view that so-called “orderly liquidiation” in the manner contemplated by Dodd-Frank, can not possibly work in real life.
View report in full here (links externally to House Financial Services Committee website).