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A legitimate and common complaint regarding the Dodd-Frank Act is that it not only did not resolve too big to fail wherein the taxpayer is on the hook for the ­missteps of the nation’s largest banks. It ­actually made the problem worse as the weaker institutions and brokerage firms were merged into multitrillion asset, ­colossal banks with the implied backing of the U.S. Treasury. They can borrow money more cheaply with the assumption of government backing, and they leverage their position to their advantage over all other financial institutions and especially the smaller ­community-based credit unions and banks.

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