PETER SCHIFF

PETER SCHIFF

Monday, July 26, 2010

Peter Schiff : 3 Reasons Why the Financial Reform Will Fail

1. The bill doesn’t get to the root causes of the crisis.
2. The law fails to end ‘Too Big to Fail.’
3. More regulation means higher costs for smaller financial services firms, reducing competition. “All the new regulations that are going to be written pursuant to this bill are going to add dramatically to the cost of doing business that is going to disproportionally hit the smaller firms who don’t have the economies of scale,” Peter Schiff says source yahoo finance

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