I am a new investor in NYB; like mREITS but wanted to find another high dividend payer. While no expert, I believe the Dodd-Frank issue is only for banks over 50b that are carrying tons of potential losses on their books; i.e. Bank of America.
In view of the questionable practices of many banks, I think Dodd-Frank was a good idea. If I had my way Glass-Stegal would be reinstated.
Their are a few VERY shaky banks here in Florida that are on the verge and I can see NYB in a position to take over a few.