The GOOPER focus on Dodd-Frank as killing the banking industry is indigenous. The BASEL capital accords (now in their latest incarnation as BASEL 3) have far greater impact on banks (especially community banks) than anything under Dodd Frank.
A bunch of gnomes in Switzerland dictate to the world banking community the risks/returns on various loan classes and how much capital banks need.
Why don’t GOOPERs ever bring up BASEL — which in many ways returns us to those days prior to 1776 when economic decisions were dictated from abroad?
The three-word answer: Ronald Wilson Reagan. He signed the initial BASEL accords in the late 1980s as part of the deal to get foreign central banks to by the debt he was accumulating to build the B1 bomber and other worthless toys.