Professor Elam

Thursday Sept  22, 2016

Greenspan would repeal Dodd Frank

“What Dodd-Frank has left us with is a system in which contagious default can still occur, and if that is in fact still the case, it’s done nothing,” he said. “But if you have a high enough ratio of equity to assets, there is no way you get contagious defaults.”

He is of course correct but without a Republican White House and even then perhaps  a pick up in the Senate I don't see this happening.