Dodd-Frank

An ETF To Capitalize on Growth in Regional Banks

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Guest Post By: Benjamin Shepherd Thus far, 2012 has been a great year for the money center banks; shares of Goldman Sachs (NYSE: GS) and JPMorgan Chase (NYSE: JPM) have all gained more than 30 percent year to date. Solid balance sheets, growing profits and a strengthening domestic economy have underscored the fact that, thanks to aggressive intervention by government and banking authorities at the peak of the financial crisis, American banks are now the strongest in the world. According to the Federal Deposit Insurance Corporation’s (FDIC) most recent quarterly assessment of the banking industry, the sector posted its tenth … Read more

How Dodd-Frank Fuels Economic Fear

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Since Barack Obama took office, $38 billion in new major regulations have been introduced, imposing an unprecedented burden on businesses, according to last month’s report by the Heritage Foundation. An overly regulated environment is creating uncertainty — and uncertainty is perhaps the greatest obstacle for investing and hiring. The administration hastily introduced the 2,300 page Dodd Frank Wall Street Reform and Consumer Protection Act in the depths of the recession without fully understanding and studying the potential consequences of such unprecedented legislation. To put the Dodd Frank bill in perspective, it is ten times the length of the Sarbanes-Oxley Act … Read more

USA Regulators Punish Banks

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US regulators are straining to keep pace as they write more than 200 rules to rein in risk-taking throughout the financial system. A year after the enactment of the Dodd-Frank financial oversight law, regulatory agencies have finalized only a handful of reforms (50) but are expected to pick up the pace during 2-H of the year. Lobbyists and Wall Street executives, as part of their efforts to delay and scale back reforms, are raising pointed questions about whether Dodd-Frank will hamstring the economic recovery. A broad rollback of reforms is not expected, at least in the near-term. Here is a … Read more

Dodd-Frank Must End

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Dodd-Frank Must End       US House Republican lawmakers, a few days before the Dodd-Frank financial regulatory overhaul turns 1 anni, blasted the law in a press conference Friday, giving it failing grades on several scores. The lawmakers, standing next to a poster board that proclaimed “Annual Report Card,” used a Red marker to grade the law “F” in 5 categories, including its impact on strengthening the economy, streamlining financial rules and stabilizing the housing market. The law is “sets the US on a collision course with economic mediocrity,” said Rep. Scott Garrett (R., NJ). The lawmaker argued that … Read more