Dodd-Frank a friend of big banks?

GOP not. 

Congr. Jeb Hensarling:

When they voted for it, supporters of Dodd-Frank told us it would “promote financial stability,” “end too big to fail,” and “lift the economy.” None of this has come to pass.

Today the big banks are bigger and the small banks are fewer. In other words, even more banking assets are now concentrated in the so-called “Too Big to Fail” firms. Pray tell, how does this promote financial stability?

And how does it harm big banks? It doesn’t.

More here: Notable & Quotable: Hensarling on Dodd-Frank – WSJ

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