US lawmaker responds to Greenspan attack on Dodd-Frank

barney-frank

Barney Frank, the former chairman of the House Financial Services Committee and co-author of the Dodd Frank Act, has repudiated comments by Alan Greenspan criticising reforms to financial regulation in the US.

In a comment piece in the Financial Times, published last Wednesday, Alan Greenspan, the chairman of the Federal Reserve between 1987 and 2006, tore apart the Dodd-Frank Act claiming the act may create the "largest regulatory-induced market distortion since 1971". However, on Sunday in a c

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