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I think the point is... you works think that the person who helped write the dodd Frank act, would probably follow it, even if it wasn't in law.
by chrismcb 4y ago
I think the point is... you works think that the person who helped write the dodd Frank act, would probably follow it, even if it wasn't in law.
- creato 4y agoThat sounds nice but it’s childish, like suggesting people voluntarily pay more taxes than owed. Don’t hate the player, hate the game. It’s perfectly reasonable to follow the rules of the game while believing the rules can and should be be improved. Or in Barney Frank’s case, actually doing so.
- chrisco255 4y agoHow would the original Dodd-Frank legislation have stopped Frank's own bank from failing? Or is it the case that there are always inherent risks in banking and that no legislation is sufficient to prevent all failures? Perhaps even, sometimes legislation has unintended side effects that lead to adaptive behavior in the market which then causes a shift in risk patterns that then ultimately causes a different, altogether unforeseen disaster?
- fwlr 4y agoHe says in the article that he quickly realized the 50 billion threshold was too low and began advocating to raise it. Why would you expect him to follow the part of his legislation that he thinks is a mistake, after he succeeded at fixing that mistake?