Fed’s Fisher: Dodd-Frank Legisl Could Have ‘Perverse Outcome’

From forexlive.com

Dallas Federal Reserve Bank President Richard Fisher warned Monday evening that the Dodd-Frank financial legislation could have the “perverse outcome” of exacerbating the “too-big-to-fail” problem and leading to an even more severe financial crisis sometime in the future. Fisher, in remarks prepared for delivery to a seminar hosted by Market News International, expressed concern that the Act and vast new regulations stemming from it could put additional cost burdens on smaller and regional banks, leading to further concentration in the banking industry and encouraging the growth of even bigger ... (full story)