Bair: Dodd-Frank Act will prevent another crisis, excessive regulation

02/5/2012 | AdvisorOne

Former Federal Deposit Insurance Corp. chief Sheila Bair says the Dodd-Frank Act will help avert a second financial crisis and that the law's information-gathering requirements could help regulators who otherwise might "tend to do too much." Bair said Dodd-Frank doesn't do enough to regulate derivatives that weren't on big banks' balance sheets, but said the U.S. is "better off" with the law.

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