Democrats will fight to keep their Dodd-Frank cover up scam going

NY Times:

House Foe of Dodd-Frank Says Overhaul Will Face Test in Senate

Representative Jeb Hensarling, chairman of the Financial Services Committee, said he would work on a “2.0 version” of financial reform legislation to attract Senate Democrats.
Dodd-Frank was always a political distraction from the Democrats' responsibility for the housing crisis.  Rather than admit that their policy of encouraging people with poor credit to buy houses and the pressure they put on lenders to make bad loans, the Democrats decided to blame the banks who were the biggest losers in their scam.  As is typical with this kind of heavy-handed regulations it hurt the small banks more than the big banks.

One of the tidbits of information coming from Wikileaks involved Hillary Clinton's admission that Dodd-Frank was a political move.  That little bit of honesty was something she tried to hide from the voters.  It is just another example of how Democrats never take responsibility for their screw ups and always attempt to push responsibility onto others.

The law should be repealed.


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