Libertarian law professor Richard Epstein has a review in Barron's of David Skeel's book, The New Financial Deal. Professor Epstein writes of the Financial Stability Oversight Council created by the Dodd-Frank financial "reform" law: "One stroke of the pen could reduce the largest bank in the nation to a ward of the state, without any judicial protection against administrative overreaching....Ironically, the greatest source of systemic risk today is the monolithic, state-created FSOC."
More: "There are, of course, individuals who make mistakes in credit management. But the same can be said of regulators, who frequently impose conditions that induce lenders to shun marginal borrowers, driving them into the hands of payday lenders, pawn shops and loan sharks that demand much stiffer terms."