Greenspan Says He Would Like to See Dodd-Frank Bank Law Repealed

By Sarah Ponczek, Bloomberg News

Former Federal Reserve Chairman Alan Greenspan said sweeping post-crisis reforms of the U.S. financial system haven’t fixed the problem they were designed to tackle and should be scrapped, escalating his long-standing criticism of the 2010 Dodd-Frank Act.

“I don’t think this bill is working at all and I would like to see it repealed,” he told Bloomberg Television’s David Westin in an interview Thursday from Washington. “But I must admit that the politics are such that that is called wishful thinking.”

U.S. Treasury Secretary Jacob J. Lew, in separate remarks on Thursday, said Dodd-Frank ...