At the Washington Examiner, Tim Carney points to JPMorgan CEO Jamie Dimon’s admission in an interview that the Dodd-Frank financial regulation law makes it “tougher for smaller players to enter the market.” Dimon says the law widens the “moat” that surrounds big banks like JPMorgan and keep smaller banks from competing.
That was the same criticism of Dodd-Frank made last year in THE WEEKLY STANDARD by Boyden Gray and Adam White. Here’s an excerpt:
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