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Peter Schiff’s 3 Reasons Why Financial Reform Will Fail

1 decade 3 years 9 months ago

Peter Schiff a/k/a “Dr. Doom” is known for extremely bearish views on the United States stock market, bond market, the US dollar, and the United States economy in general. He tells Yahoo Finance why the Dodd-Frank financial regulation reform law will fail:

1. The bill doesn't get to the root of the causes of the crisis.

2. The law fails to end 'Too Big to Fail.'

3. More regulation means higher costs for smaller financial services firms, reducing competition.

More at Yahoo Finance.