Salient to Investors:
Mark Calabria at the Cato Institute said the push for revisiting Dodd-Frank is absolutely driven by a sense that Dodd-Frank did not end too big to fail.
Camden Fine at Independent Community Bankers of America said that before the end of 2016 we will get a significant step by both Congress and regulatory agencies to rein in the big banks. Fine said no Treasury secretary would bring down a Wells Fargo or a Bank of America – they would do exactly what they did four years ago.
Hamilton Place Strategies said breaking up large banks would put US financial institutions at a competitive disadvantage, would not improve the safety of the global financial sector, and would reduce US influence over the financial sector globally.
Read the full article at http://www.bloomberg.com/news/2013-02-04/too-big-to-fail-too-hard-to-fix-amid-calls-to-curb-banks.html
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