Order ‘Big Short’ for an Out-to-Lunch Congress
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May 16 (Bloomberg) -- For all the criticism of the Dodd-Frank Act, one thing the law does right is fill theinformational and analytical blind spots that allowed oureconomy to unwittingly approach the precipice of disaster.
Little noted among the law’s 2,300 pages and 16 titles is asection creating the Office of Financial Research within theU.S. Treasury Department. The humble pie on which JPMorgan Chase& Co. chief Jamie Dimon is now feasting should be sharedgenerously with those in Congress who would dismantle thisvaluable arm of government.