Answer to Question #113099 in History for Elle

Question #113099
#4 Describe the strengths and weaknesses of the Dodd-Frank law. Do you agree with critics that the government should have broken up the big banks? Why or why not?
1
Expert's answer
2020-04-30T15:48:46-0400

Strengths

  • Dodd Frank law offer customers financial security Bureau.
  • Assists the consumers to comprehend the terms and conditions that are in their borrowing products before finalizing their paperwork.

Weaknesses

  • Dodd Frank law has reduced the profit market in the economy of the US.
  • The legislation compliance conditions have resulted in decrease of contestability of firms on the international market compared to the foreign partners. I disagree that the government should have ended the big banks because, the large banks did not exacerbate the financial crisis, but from the candidates’ determination for easier home financing.

I don't agree with the idea that large banks should be broken into minor ones, since large firms are easy to control compared to numerous smaller ones.


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