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Is Dodd-Frank Constitutional?

Blair31 Wrote: Apr 23, 2012 9:54 AM
I'm not a lawyer and I don't play one on TV, but my guess would be no.

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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