How was the Dodd-Frank Act of 2010 relatively inefficient?

Multiple Choice

• It promoted competition among financial institutions that were too big to fail.

• It failed to adopt least-cost mechanisms to make the financial system more resilient.

• It aimed to reduce systemic risk instead of addressing risk in particular areas of the financial system.

• It imposed increased capital requirements to reduce distortions arising from the government safety net and too-big-to-fail.

WILL THUMBS UP IF CORRECT.