House Subcommittee Says Bad Policy Caused Crisis, Dodd-Frank Missed the Mark

By Brian Honea

One of the witnesses at the hearing, Dean and Professor of Law at the University of Virginia School of Law Paul G. Mahoney, said a consequence of Dodd-Frank will be fewer and larger banks in the United States, because Dodd-Frank has layered on “costly new regulations that the large banks can afford but smaller ones cannot.”

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