NACBA
12-15-2014, 01:59 PM
Waaaah! That’s the sound of former House Financial Services Committee Chairman Barney Frank, D-Mass., crying about stinging, bipartisan rebukes to his legacy of the Dodd-Frank financial regulatory monstrosity rammed through the Democrat-controlled Congress in 2010.
And it must be all the more painful to Frank that enough members of his own party had turned against provisions of the legislation that a couple of much-needed rollbacks are on the verge of being signed into law in this month’s “lame duck” session.
According to the Boston Globe, Frank called some of these rollbacks “the road map for stealthily undoing all this in the future.” We can only hope this is the case! Because even liberal Democrats are now discovering that Dodd-Frank did nothing to lessen the problem of too-big-to-fail banks and instead punishes “Main Street” business, investors, and consumers who had nothing to do with the crisis.
As this is being written, two modest but significant measures of relief from Dodd-Frank have passed Congress and one is on the verge of passing; one by itself in a separate bill and two will be the proverbial “ponies” in the manure of subsidized terrorism insurance and “cromnibus” spending bills.
http://www.Newsmax.com/JohnBerlau/Dodd-Frank-Warren-Senate/2014/12/15/id/613067/#ixzz3Lu8DiA7V
Urgent: Should Obamacare Be Repealed? Vote Here Now!
And it must be all the more painful to Frank that enough members of his own party had turned against provisions of the legislation that a couple of much-needed rollbacks are on the verge of being signed into law in this month’s “lame duck” session.
According to the Boston Globe, Frank called some of these rollbacks “the road map for stealthily undoing all this in the future.” We can only hope this is the case! Because even liberal Democrats are now discovering that Dodd-Frank did nothing to lessen the problem of too-big-to-fail banks and instead punishes “Main Street” business, investors, and consumers who had nothing to do with the crisis.
As this is being written, two modest but significant measures of relief from Dodd-Frank have passed Congress and one is on the verge of passing; one by itself in a separate bill and two will be the proverbial “ponies” in the manure of subsidized terrorism insurance and “cromnibus” spending bills.
http://www.Newsmax.com/JohnBerlau/Dodd-Frank-Warren-Senate/2014/12/15/id/613067/#ixzz3Lu8DiA7V
Urgent: Should Obamacare Be Repealed? Vote Here Now!