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Is Dodd-Frank Constitutional?

3129 Wrote: Apr 23, 2012 3:37 PM

In the other countries of the world, there is little oversight. Everyone knows the game is crooked, and learn to bet accordingly. Now Obama wants to attack the future's traders. Everyone should read Walter Williams and Thomas Sowells writings regarding commodities trading. In the real world, if someone found a way to make $1.00 per gallon gasoline, the futures traders would lose money for a couple of days, and would then be buying contracts for 98 cent gas.

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Is Dodd-Frank Constitutional?

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was intended to "promote the financial stability of the United States by improving accountability and transparency in the financial system, to end 'too big to fail,' to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes." The law is extraordinarily complex, requiring almost a dozen federal agencies to complete anywhere between 240 to 540 new sets of rules, plus about 145 studies that will affect rulemaking.

There has been much debate over whether the law will accomplish its stated...

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