Summers nomination fear: Market jitters - Has the economy already peaked? - Democrats blur line on tax policy

Summers nomination fear: Market jitters - Has the economy already peaked? - Democrats blur line on tax policy

July 26, 2013
Originally published in Politico

WSJ’s op-ed by Competitive Enterprise Institute’s John Berlau and Kyle Tassinari: “Here's some good financial news for millions of Americans: The provision in Dodd-Frank that imposed a three-year moratorium on banks affiliated with nonfinancial businesses expired this week.  Now, if Congress simply does nothing and regulators apply the law fairly, Wal-Mart … could begin offering affordable credit, savings accounts and CDs to consumers. So could Home Depot … and Berkshire Hathaway … Opponents — including established banks big and small — will no doubt scream about the risks  … Yet successful banks owned by nonfinancial firms exist all over the world.”