> An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
Now maybe you don't like Dodd Frank, or maybe you don't think it goes far enough. But anyone who was paying attention to politics can easily list off the laws and changes we did to our economy to try to fix the identified problem.
We _tried_ to fix it. No way to know if we really fixed it until our next crisis. But I can always point to what our President did (both George Bush _AND_ Obama handled this mess, with the same plan btw), as well as Congress's laws.
The very phrase "Too big too fail" exists because of the outstanding effort this country put into identifying the problem, and discussing possible solutions. You're literally using the language of Congress whenever you use those words.
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USA isn't perfect. And Republicans / Democrats have different ideas of what "would fix" the problem. But what I can say with 100% certainty, is that George Bush + Obama acted in similar manners through the crisis, suggesting that the two grossly different ideologies came to similar conclusions about what would solve the issue.
EDIT: There are also multiple days / weeks worth of Congressional hearings on this subject, proving that Congress was discussing solutions for a long time.
You're saying "agenda" a lot.
> The US in no way planned to reduce the "too big to fail" effect.
https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street...
> An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
Now maybe you don't like Dodd Frank, or maybe you don't think it goes far enough. But anyone who was paying attention to politics can easily list off the laws and changes we did to our economy to try to fix the identified problem.
We _tried_ to fix it. No way to know if we really fixed it until our next crisis. But I can always point to what our President did (both George Bush _AND_ Obama handled this mess, with the same plan btw), as well as Congress's laws.
The very phrase "Too big too fail" exists because of the outstanding effort this country put into identifying the problem, and discussing possible solutions. You're literally using the language of Congress whenever you use those words.
--------
USA isn't perfect. And Republicans / Democrats have different ideas of what "would fix" the problem. But what I can say with 100% certainty, is that George Bush + Obama acted in similar manners through the crisis, suggesting that the two grossly different ideologies came to similar conclusions about what would solve the issue.
EDIT: There are also multiple days / weeks worth of Congressional hearings on this subject, proving that Congress was discussing solutions for a long time.