Another Dodd-Frank Triumph

Review & Outlook: Another Dodd-Frank Triumph – WSJ.com.

And what else do you thing “these folks” want to regulate for us…?

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. . . . Somehow this wasn’t one of President Obama’s talking points last year, but yesterday Mr. Tarullo said the government would have to watch these new entities very closely: “This heightened oversight is important because financial market utilities such as central counterparties concentrate risk and thus have the potential to transmit shocks throughout the financial markets.” Oh, and because these “utilities” are backed by the government, taxpayers will end up paying if they fail.   . . . .

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