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Causes Of The 2008 Financial Crisis: Too Big To Fail

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Causes Of The 2008 Financial Crisis: Too Big To Fail
Opportunistic politicians used the 2008 financial crisis to pass a 2,300-page bill of growth killing regulations, known as Dodd-Frank. Rather than fixing the causes of the crisis helping Main Street families and businesses, Dodd-Frank enshrined “Too Big to Fail” policies and created a regulatory environment in which many of our community financial institutions are finding themselves “Too Small to Succeed.”

In an effort to restore competitive, transparent, and innovative markets, the House Financial Services Committee, of which I am a member, introduced the Financial CHOICE Act on April 26, 2017. Premise of CHOICE is simple: If you’re a well-run and well-capitalized institution, the government will not micromanage your businesses. Among other
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