The LIBOR rate-fixing controversy and JP Morgan’s failed trades are all spun as reasons why we need Dodd-Frank, the so-called “financial reform” law that was signed into law two years ago on July 21.
But where the 2,600-page law is having is most significant impact — and a very negative impact – is not in London and New York, but on community banks in Georgia, Texas, and all across Main Street U.S.A.
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OpenMarket.org
Judy Morris,
Blogger, THL
Articles | Website
