The unstable stability council

From American Banker’s Bankshot Podcast:

R Street’s Alex Pollock appears on the most recent Bankshot Podcast. At first the Financial Stability Oversight Council wanted to target individual nonbanks that pose a risk to the economy. Now it wants to target activities rather than firms. Is that a good idea or a political ploy? 

Click here to listen to the pull podcast.

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Is Dodd-Frank council evolving, or throwing in the towel?