Dodd-Frank's Threat To Financial Stability
By Peter J. Wallison
Published: March 25 2011 WSJ
With the comment period now closed on its proposed rule, the Financial Stability Oversight Council (FSOC) is getting ready to outline the terms for deciding which nonbank financial institutions might cause instability in the U.S. financial system if they fail. As its staff works away on decision criteria, they should be offered one word of advice: stop.
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