Did Dodd-Frank set up a tyranny in our financial system?
The failure of Lehman Brothers, Goldman Sachs, Fannie Mae and Freddie Mac caused an outcry for due process, rule of law, regulation and reform. And while the intention was to revitalize the American economy, the reverse has occurred. The 19,000 pages of regulations, $35 billion of economic impact and 72 million hours of paperwork may not have worked as intended.
Hundreds of rules later, no one is really sure about any regulation’s effectiveness.
Join us for the fourth of a six part series on the 2008 financial crisis, with special thanks to the National Center for Policy Analysis for their assistance in coordinating this series.
Joining Host, Dennis McCuistion, are:
- George A. Selgin, PhD: Director of the Cato Institutes’ Center for Monetary and Financial Alternatives, Professor Emeritus of Economics at the University of Georgia
- William K. Black: White collar criminologist and former financial regulator; Author: Best Way to Rob a Bank Is to Own One
- C.K. Lee: Managing Director, Investment Banking, Commerce Street Capital, former bank regulator
- via a prior taped interview, Jeb Hensarling (R- TX): Chair, House Financial Services Committee
Our guests state that some regulations have actually caused risk, helped the big banks become bigger, small banks fewer with many closing their doors as a result because of the crippling burden of keeping up with regulations.
Regulations were supposed to unleash the market, yet we are at 2% economic growth, compared to a historic 3.5% growth. The average family has stagnant paychecks, has lost savings, have less access to credit, and we’re losing a community financial institution a day because of the volume and complexity of Dodd-Frank and other regulatory overkill.
Are we politically allocating capital in our economy? Can the Financial Protection Agency be fair regarding products it deems abusive or is it arbitrary and are we giving the so called protective agencies too much power?
While not a good news program, tune in to see what the experts predict.
Talking about things that matter… with people who care. And please don’t forget that for the last 25 years it is you, our viewer, who keeps us on the air.
The McCuistion Program, a 501 ( C ) ( 3 ) tax exempt organization does not receive any KERA pledge dollars, PBS funds or government grants, so thank you for your continued support.
Thanks for joining us,
Co-Founder, Executive Producer, Producer
Business Consultant / Executive Coach, specializing in Organizational Culture Change, Governance and Strategic Planning
2312 – 08.07.2016