Lloyd Blankfein: Dodd-Frank Reforms May 'Turn Out To Be Inadequate' 

October 2, 2012

Even Goldman Sachs CEO Lloyd Blankfein says there's a possibility some new financial rules may not be tough enough.

"A lot of the reforms contained in Dodd-Frank look good to me, and some of them look excessive, and some of them may even turn out to be inadequate," Blankfein said in an interview with Marketplace on Tuesday.

He added that since the Dodd-Frank Act of 2010 itself is so "skeletal," and because regulators have yet to finish implementing the rules, it's difficult to "make a judgment yet whether it's too much or not enough because we don’t really know what it is."

 

Full Article: Huffington Post

 
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