7 ms·
Time will tell whether the system is more or less robust with Dodd Frank. Also the previous system seemed robust until the crash happened. An argument could be
by kabbalf 9y ago
Time will tell whether the system is more or less robust with Dodd Frank. Also the previous system seemed robust until the crash happened. An argument could be made that more legislation and onerous regulation pushes smaller actors out of the game. Then you end up with a bunch of too-big-to-fail corporations that take the whole system down if they fail. Regulatory capture is also a major issue with too big entities.
Reading tip: Antifragile by Nassim Nicholas Taleb