After the financial crisis, the United States enacted the Dodd-Frank Act to overhaul American financial regulation, with the aim of reducing the risk of another financial meltdown. But it did nothing to reform “repo” lending – arguably the weakest link in the financial chain.
金融危机后，美国出台了多德-弗兰克法案修订美国的金融监管，目的是消除发生另一次金融崩盘的风险。但该法案并未改革到很可能是金融链条中最弱一环的“回购”贷款。而我们已经看到，其结果是又一家主要金融公司的倒闭。