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Originally Posted by Guest
Perhaps I misunderstand but the big banks accepted Dodd-Frank because it provided for a taxpayer bailout if they failed where the NOT too big to fail banks had no such advantage and thus ................
Dodd-Frank and Sabanes Oxley both added significant costs to businesses.
Consider the government missed the housing bubble...well actually they contributed greatly to it and their solution to the problem was more government control
If Elizabeth Warren had her druthers all American businesses would be government owned. This is a person who appears not firmly moored
Let's get back to the days when if a business failed the business dealt with the consequences not taxpayers
Personal Best Regards:
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I agree no business (including GM) should be balled out for they're management mistakes. Seems that big companies have back door policially. Which usually gets outgoing CEOs ( for fking up the company) paid in order to get them out. Too may times they are politically connected when federal government bails them out. Banks, GM, GE, and mortgage companies usually have they're hands out.