Designating more private companies as too-big-to-fail and turning their regulation over to the Federal Reserve and its ever-growing safety net, if you will, is not going to solve the problems of taxpayer exposure to the financial system.
Garrett argues against designating more companies as too-big-to-fail, highlighting taxpayer risks.
Share
More from Scott Garrett
This legislation codifies the common-sense principle of using a rules-based approach when determining monetary policy.
Dodd-Frank bestowed almost limitless powers to the banking regulators, and especially to the Fed.
It is hard to imagine anything more unfair and un-American than having the Government financially support mega-corporations at the expense of small businesses and American workers.
Other voices in this conversation
