Year After Dodd-Frank, Bail Out Banks Too Big To Fail Remains Bigger Problem Than Ever

A year after Congress passed a landmark law intended to tame the excesses that produced the financial crisis, some experts contend that a crucial vulnerability remains: The largest financial institutions are still so enormous that their failure could again bring the financial system to the brink of disaster.

via huffingtonpost.com

"The next crisis will happen sooner rather than later," said Anat Admati, a professor of finance and economics at the Stanford Graduate School of Business.

"We're not safer and there's still a lot of systemic risks in large banks and in the financial sector overall."

Robber war oil speculation capitalism overprice steal everything.

But on the first anniversary of the act’s passage, the nation's largest banks boast larger holdings than ever.

Their political clout is on the rise, say experts, and the government regulators who are supposed to be looking out for the next wave of reckless speculation are starved of cash.

Meanwhile, stalwart banking industry allies in Congress are seeking to crimp the authority of the regulators on multiple fronts.

Its time to break up big bailout banks.

it's the biggest Wall Street banks -- the ones that got us into this mess in the first place, and got bailed out by the public -- that have taken the lead in killing off Dodd-Frank. They can afford the hit job.

via huffingtonpost.com

Robert Reich: The Shameful Murder Of Dodd-Frank by big bail out banks

One full year after the financial reform bill spearheaded through Congress by Christopher Dodd and Barney Frank was signed into law, Wall Street looks and acts much the way it did before.

That's because the Street has effectively neutered the law, which is the best argument I know for applying the nation's antitrust laws to the biggest banks and limiting their size.

www.RobertReich.org