‘Tis the season to celebrate gift giving. But for big banks Santa Claus comes all the time, in the form of handsomely wrapped subsidies and subtly packaged regulatory nuances worth more more gold than the wildest dreams of the Three Wise Men.
The Shadow Open Market Committee has recently issued a public statement assessing recent moves by regulators implementing parts of the Dodd-Frank financial legislation. The Institute thinks the issues the statement raises are important and deserve wide consideration, so we are pleased to repost the Committee’s full statement here.
