3 ms·
> the reason for weakening these regulations was that Dodd-Frank is/was extremely expensive to comply with It would be a lot easier for banks to comply with a
by slantedview 4y ago
> the reason for weakening these regulations was that Dodd-Frank is/was extremely expensive to comply with
It would be a lot easier for banks to comply with a reinstated Glass Steagall law, but banks don't want that either. The problem is really just that the banks don't want any restrictions, but as this situation shows, restrictions exist for good reason.