Barney Frank Raps Critics Over Too-Big-To-Fail Bank Claims

Law360, New York (October 16, 2012, 12:18 PM EDT) -- U.S. Rep. Barney Frank, D-Mass., on Monday struck back at critics who claim the financial reform law bearing his name perpetuates banks that are too big to fail, following a call by the Federal Reserve's regulatory reform point man last week to cap the size of U.S. banks.

“Arguments to the contrary ignore the provisions and structure of the financial reform law, the practical evidence regarding the law’s impact, or both,” Frank wrote in an analysis of the law's provisions that address too-big-to-fail institutions.

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