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A Not So Happy Anniversary: Dodd-Frank Turns Two This Week

D G Wrote: Jul 21, 2012 12:49 PM
Dodd - Frank is one of the reasons why the economy stagnated with over 8% unemployment
GorgeWalker Wrote: Jul 21, 2012 1:38 PM
How can you say the Dodd-Frank law has any thing to do with the economy or unemployment it hasn't been enacted.
D G Wrote: Jul 21, 2012 2:20 PM
It was enacted 2 years ago.

We had 3% real GDP growth in 2010.

We had 1.7% real GDP growth in 2011.

2012 is lowing further.

The economy is stagnated and D/F is enacted.


What are you asking?
This week marks the second anniversary of the Dodd-Frank law, but unless one of the law’s newly created agencies just hired you, there is no reason to celebrate. The mammoth, 2,300 page law is chock full of rules and regulations that will hamper economic growth for years to come. Diane Katz of the Heritage Foundation highlights a few provisions that are especially concerning:

Unchecked authority of the Consumer Financial Protection Bureau (CFPB). Unparalleled powers were granted to the CFPB, including consolidated and expanded regulatory authority over credit and debit cards, mortgages, student loans, savings and...