The Fed's Decision to Roll Back Dodd-Frank

Dodd-Frank subject banks over $50 billion to enhance prudential standards. That threshold was changed in the legislation you're describing from $50 to $250, mandatory. The Fed botched its discretion on whether or not to handle put in enhanced prudential standards between $100 and $250,. This gets back to the conversation we're just having, where the Fed judged SBB not to be systemically import- their failure to be not systemically important, right? Two, had the Fed judged it right would enhance prudential Standards have caught this. And I think that the bigger issues here have to do with the core competency of the Federal Reserve as a bank supervisor.