- Do you think that financial services should be more regulated or less regulated?
- Do you think that the Dodd-Frank Act (Dodd-Frank Wall Street Reform and Consumer Protection Act), signed into law two years ago on July 21, has hurt:
- You personally?
- Businesspeople or businesses you know of?
- The economy in general?
Here's my opinion; not that it matters that I'm an expert on the subject, or that I have 30 years in the financial services business, or that I own a couple of businesses, or that I'm getting back into the financial services game in a big way (more on that sometime in the future).
It's just my stupid opinion. It really doesn't matter that I'm right, either, because it's just my opinion; did I say that?
The correct answer (according to me) to question No. 1 is itself an economic postulate: "More is always better sooner." As in, we need more and better regulation, sooner rather than later. That's my final answer.
The correct answer, in other words, my answer, to question No. 2 is: no, no, and no.
I'm going to make this short and simple, because I want to hear from you on this subject. (Just click below and leave your answers in the comments section.)