I take particular aim at the Dodd-Frank Act with its hundreds of provisions still to be completed, and which has had so many countless unforeseen negative effects.
Such as forcing the banks “too big to fail” to keep adding to capital. This makes them less profitable, when they must be able to attract necessary capital, in order to finance a thriving economy.
Moreover, this is foolish when capital cushions can be wiped out overnight, whenever you mark-to-market the bank’s assets in poor markets, as in 2008. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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