Trump, Congress finalize deal to roll back some of Dodd-Frank . . . but not as much as they should have
The Regulatory State:The 2008 meltdown provided Democrats with an excuse for a massive federal power grab, and they took full advantage. The fact that it remains the law today is an absolute travesty, but that’s how our glorious Senate works
By Dan Calabrese —— Bio and Archives--May 24, 2018
American Politics, News | Comments | Back To Full Article
The worst thing to come out of the mortgage market meltdown of 2008 was not the economic impact itself. That was always going to mitigate itself over time. The worst thing was the government power grabs it facilitated, and none have been worse than Dodd-Frank.
Named for its two ignominious sponsors, Christopher Dodd and Barney Frank, the law imposed crushing new regulations on banks and their lending activity, actually having the effect of making credit harder to get under reasonable terms. And it treated midsize regional banks like gigantic ones for the purpose of putting them under the control of federal regulators.Welcome to CFP’s Comment Section!
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