INET Paper
Too Big to Fail Banks Regulatory Alchemy:
Converting an Obscure Agency Footnote into an “At Will” Nullification of Dodd-Frank’s Regulation of the Multi-Trillion Dollar Financial Swaps Market by Professor Greenberger for the Institute for New economic Thinking, (June 19, 2018), available here.
Michael Greenberger, Too Big to Fail Banks Regulatory Alchemy: Converting an Obscure Agency Footnote into an “At Will” Nullification of Dodd-Frank’s Regulation of the Multi-Trillion Dollar Financial Swaps Market, The Institute for New Economic Thinking (Jun. 19, 2018), https://www.ineteconomics.org/uploads/papers/WP_74.pdf.
Professor Greenberger is interviewed by Rob Johnson from INET about his recent paper on the existing loop-hole in Dodd-Frank. He explains how a footnote created an "at-will" loop-hole around the regulation that was put in place to prevent a global economic collapse.