WASHINGTON, July 16, 2014 /PRNewswire-USNewswire/ -- Watch this revealing 2-minute preview video here in Segment 4 of 6. Economist Allan H. Meltzer, Ph.D., reveals that banks have been turned into public utilities, and there's too much emphasis on near-term actions. He posits that the Dodd-Frank Wall Street Reform Act in 2010 added even more regulations to a heavily regulated industry, transferring decisions about risk for the bankers to the regulators.
Full Disclosure Network(R) continues its historic Internet TV series examining the Federal Reserve System and its proper role in an interview with Allan Meltzer, Ph.D., Professor, Carnegie Mellon Tepper Graduate School of Business, Senior Fellow at Hoover Institute, and author of a three-volume history of the Federal Reserve. Dr. Meltzer divulges that the best incentive is to avoid loss in the first place, and Federal Reserve bank examiners in all major banks failed to regulate by not even rejecting one loan. Watch the full video at this URL: http://www.fulldisclosure.net/2014/07/federal-reserve-bank-examiners-never-met-loan-didnt-like-656-1/
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Fed Reserve: The Danger of Quantitative Easing
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SOURCE Full Disclosure Network