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Tuesday, 06/07/2016 2:10:04 PM

Tuesday, June 07, 2016 2:10:04 PM

Post# of 797238
“Simply put, Dodd-Frank has failed,” Mr. Hensarling said in prepared remarks that he is set to present at the Economic Club of New York on Tuesday. “It’s time for a new legislative paradigm in banking and capital markets.”

His proposals will call for replacing the financial reform law’s “orderly liquidation authority” for winding down a failing financial institution with a new chapter of the bankruptcy code.

http://www.nytimes.com/2016/06/07/business/dealbook/republicans-to-unveil-plan-to-revamp-dodd-frank.html?_r=0

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