The Dodd-Frank Act of 2010 was supposed to make banks stronger, among its other panacea provisions that have taken thousands of pages of explanation, still not fully complete.
Yet, the large U.S. banks, that Dodd-Frank was supposed to strengthen, apparently are more of a credit risk for investors today than they were two years ago, when without all that fresh governmental regulation.
They have been sharply downgraded by an independent credit-rating
agency. (See the Earl J. Weinreb NewsHole® comments.)
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