Tuesday, November 15, 2016

About banking regulation

Trump Should Repeal Frank Dodd - And Replace It With Obama And Clinton's Sensible Alternative

This isn't a topic I devote time to studying, but news of soaring bank stocks due to their anticipation that they'll be less regulated under Trump should, I would have thought, make anyone with more than a goldfish memory when it comes to financial crises a tad nervous.

Tim Worstall makes a reasonable sounding suggestion here, but it involves a new tax, and what hope is there that the GOP would run with that?

Update:  I was just looking at other columns by Worstall, and noticed in comments to one in which he sites a "ridiculous EU regulation" story, it is noted that he is a UKIP supporter.   I had overlooked that before.   His credibility just took a large hit.

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