House Financial Services Committee Chairman Spencer Bachus (R-AL) and Committee Ranking Member Barney Frank (D-MA) have released competing staff analyses on how, or whether, the Dodd-Frank Act addresses too-big-to-fail banks.
The report released by the Democrats describes “how in fact the law provides for the orderly dissolution of failing institutions in order to protect the broader economy.”
The report released by the Republicans, set for release today, seeks to counter that claim, arguing that Dodd-Frank ends neither too-big-to-fail nor financial bailouts.
Read the report released by the Democrats.
Read the report released by the Republicans.