Greenspan: Dodd-Frank Should Be Repealed

The speaker critiques a bill, arguing it is ineffective and should be repealed. They suggest increasing capital requirements to 20-30% of assets for stability, citing historical data showing stable net income to assets ratios. The speaker warns of contagious defaults and believes higher equity ratios can prevent them, criticizing the current system for allowing such risks.

What are the main criticisms mentioned about the Dodd Frank bill?

What alternative capital requirements does the speaker suggest?

How does the speaker relate historical data to current banking regulations?

In what way does the speaker believe increasing equity to assets ratio would affect the banking system?

What does the speaker mean by 'contagious default process'?