A Quote by Joseph Stiglitz

The reality is that what we did in 2010 with the Dodd-Frank wasn't enough. — © Joseph Stiglitz
The reality is that what we did in 2010 with the Dodd-Frank wasn't enough.
Dodd-Frank greatly expanded the regulatory reach of the Federal Reserve. It did not, however, examine whether it was correctly structured to account for these new and expansive powers. Therefore, the Committee will be examining the appropriateness of the Fed's current structure in a post Dodd-Frank world.
There's a lot of talk coming from Citigroup about how Dodd-Frank isn't perfect. Let me say this to anyone who is listening at Citi: I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces.
Dodd-Frank was passed. ... This is the biggest kiss that's been given to New York banks I've ever seen. This is an enormous boon for them. There've been 122 community and small banks have closed since Dodd- Frank. ... I would repeal and replace it.
The number one problem with Dodd-Frank is it's way too complicated, and it cuts back lending, so we want to strip back parts of Dodd-Frank that prevent banks from lending, and that will be the number one priority on the regulatory side.
Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.
Wall Street's biggest fight with Obama was over the Dodd-Frank Wall Street Reform and Consumer Protection Act, which Obama signed into law in the summer of 2010.
The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.
Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we need to do what we should have done years ago - reform Fannie Mae and Freddie Mac. We also need to repeal Dodd-Frank, the Democrats' failed solution. Under Dodd-Frank, 10 banks too big to fail have become five banks too big to fail. Thousands of community banks have gone out of business.
There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.
There are elements of Dodd-Frank that clearly need to be curtailed.
Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.
I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.
We could repeal Dodd-Frank. I think that would be a big help.
I think Dodd-Frank has contributed to a concentration of banking assets in the hands of a small number of banks.
Dodd-Frank has disproportionately burdened community banks, despite their having no role in the financial crisis.
Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.
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