Measure passed to hide Democrat complicity in financial crisis to be rolled back
Washington Post:
Dodd-Frank was a blatant attempt to blame the banks for Democrat policy failures.
Senate prepares to roll back banking rules, with red-state Democrats voicing supportDodd-Frank was part of a Democrat coverup for measures imposed on banks and financial institutions by Democrats. They forced lenders to make bad loans and then tried to hide those loans in government financial instruments which wound up tainting good loans anding to the financial debacle. While the Bush administration could have done more to stop the mess created by the Democrats it was their policies that caused the problem.
More than a dozen Democrats in the Senate, some of whom face tough midterm election contests, are ready to give Republicans the votes they need to weaken the Dodd-Frank regulations passed after the 2008 financial crisis. The move would sap one of former president Barack Obama’s largest legislative achievements.
Dodd-Frank was a blatant attempt to blame the banks for Democrat policy failures.
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