NEW YORK ( TheStreet) -- Wall Street is cooking up another crisis -- making shoddy loans and selling worthless securities to investors hungry for higher yields than CDs and government bonds offer.Dodd-Frank banking reforms imposed very costly regulations on mortgage and commercial lending. Regional banks, which have solid knowledge of smaller businesses, could not bear these costs and sold out to large Wall Street institutions. Now a handful of money center banks control more than half the deposits and lendable money.
Banks Cooking Up Another Financial Crisis
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