While regulations such as Dodd-Frank changed the financial world, lenders and investors also lost their appetite for risk and have changed their behavior, says Sam Khater, chief economist of Freddie Mac in McLean, Va.
And how would Dodd-Frank change this dynamic?
Or hide the date and try to find the magic moment when Dodd-Frank supposedly changed the bailout game.
The Dodd-Frank Act changed that for larger funds, which now have to register as investment advisers and strengthen compliance and internal controls, all at much greater cost.
"To be frank, this changes things a bit.
The House passed the Hensarling version of TRIA with the Dodd-Frank change before it left town, dropping extension in the Senate's lap.
As that timeline approaches, some moderate Republicans up for re-election will begin to pull further away from backing Dodd-Frank changes in order to distance themselves from being on the side of big banks.
In the Haldane view — with which I fully concur — the Dodd-Frank changes were steps in the right direction, including the Volcker Rule (limiting what banks can do) and the new resolution authority.
If there's a ransom being demanded, it's the Dodd-Frank changes, which amount to another attempt by Republicans to extract concessions from Democrats in order to keep the government open.
