In an interview with CNBC this morning, Wells Fargo CFO Howard Atkins comments on the Dodd-Frank Act which President Obama signed into law this morning. Mr. Atkins focused on the consumer protection aspects of the law and was asked whether Wells Fargo should be considered “too big to fail”. For a news story from The Wall Street Journal on the signing of the Dodd-Frank Act, click on this link.
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Disclosure: No position in Wells Fargo.