The answer is unequivocally no, according to noted bond analyst Christopher Whalen, who calls them "a monumental waste of time and money."
No, there are simply big banks that get federal subsidies and small banks and nonbanks that don't, thanks to regulatory favoritism: Opinion.
We live in an age of asset bubbles, but they don't continue indefinitely, as will prove true for the strong U.S. dollar.
It's looking like the stock market's "Trump Bump" was just a figment of the imagination, as a deep corporate tax cut grows less likely.
The proposed law would significantly amend the Dodd-Frank Act and restore flexibility to financial institutions.
With Republicans in charge of the government, regulatory constraints on financial services firms may begin to relax.
The effects are being felt already, but whether that's a short-term reaction or a harbinger of much more to come is unknown.