Saturday, December 18, 2010

Growing Financial Concentration a Major Problem

Henry Kaufman, FT
The Dodd-Frank act aimed to reform US financial markets, but is now contributing to uncertainties over growth, while posing a serious long-term challenge to competitive finance and the independence of financial institutions. At about 2,400 pages it is hardly a paragon of brevity. Even so, a surprising number of its requirements are still being hammered out by the new official regulatory bodies it created.

Source: http://www.realclearpolitics.com/2010/12/17/growing_financial_concentration_a_major_problem_247515.html

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