Re: 2nd Term Part X - A link to a fore gone conclusion
To your questions
1. Do you agree this is a fair summary of what the central problem is and how Dodd-Frank was supposed to meet it?
Yes, and then No. A central problem of Dodd-Frank is too big to fail. Dodd Frank met this problem is several ways. 1) capital requirements. If you have enough liquid capital, you are less likely to fail. 2) bankruptcy as you say and 3) the govt's ability to freeze, take over, and wind down failing banks so they don't crash the system which you seem to admit is already in place.
2. Do you agree that Title I of Dodd-Frank has not in a meaningful way yet been implemented?
Yes, but its an extra layer on top of what's already in place to prevent too big to fail (capital requirements and govt takeover and wind down)
3. Do you agree that re: the size of the financial institutions and their domino effect in the economy these entities are still too big to fail and we would have to bail them out yet again?
No I don't. You may need some govt intervention because that's how the federal law is written. However as the last crisis didn't end up costing the Treasury mone (in fact they made money) the next one is less likely to do so.
Doom and Gloom always sells Kep.
To your questions
1. Do you agree this is a fair summary of what the central problem is and how Dodd-Frank was supposed to meet it?
Yes, and then No. A central problem of Dodd-Frank is too big to fail. Dodd Frank met this problem is several ways. 1) capital requirements. If you have enough liquid capital, you are less likely to fail. 2) bankruptcy as you say and 3) the govt's ability to freeze, take over, and wind down failing banks so they don't crash the system which you seem to admit is already in place.
2. Do you agree that Title I of Dodd-Frank has not in a meaningful way yet been implemented?
Yes, but its an extra layer on top of what's already in place to prevent too big to fail (capital requirements and govt takeover and wind down)
3. Do you agree that re: the size of the financial institutions and their domino effect in the economy these entities are still too big to fail and we would have to bail them out yet again?
No I don't. You may need some govt intervention because that's how the federal law is written. However as the last crisis didn't end up costing the Treasury mone (in fact they made money) the next one is less likely to do so.
Doom and Gloom always sells Kep.
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