Despite Dishonor and Dodd-Frank, Banks Make Comeback. How Did This Happen

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Stanley Fischer talks about the banks' political influence. "I thought that when Dodd-Frank started, that the banks would not succeed in influencing it, having lost all the prestige they lost," the Federal Reserve's vice chairman said after the House passed a bill to allow banks to trade derivatives with federally insured deposits. "Boy, was I wrong." Ryan Tracy in The Wall Street Journal