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656-1 Fed Reserve Bank Examiners: Never Met Loan They Didn't Like
Allan Meltzer, Ph.D., American Economist, Senior Fellow, Hoover Institute, and author of a three-volume history of the Federal Reserve, explains that banks have been turned into public utilities, and there's too much emphasis on near-term actions. He posits that the Dodd-Frank Wall Street Reform Act in 2010 added even more regulations to a heavily regulated industry, transferring decisions about risk for the bankers to the regulators. Meltzer divulges that the best incentive is to avoid loss in...
Related topics : federal loan bank act
656-1 Fed Reserve Bank Examiners: Never Met Loan They Didn't Like
Allan Meltzer, Ph.D., American Economist, Senior Fellow, Hoover Institute, and author of a three-volume history of the Federal Reserve, explains that banks have been turned into public utilities, and there's too much emphasis on near-term actions. He posits that the Dodd-Frank Wall Street Reform Act in 2010 added even more regulations to a heavily regulated industry, transferring decisions about risk for the bankers to the regulators. Meltzer divulges that the best incentive is to avoid loss in...
Related topics : federal loan bank act
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