Financial Reform or Federal Reserve Power Grab?
Another behemoth 2,000 page liberty eating monster is making its way to the President’s desk. Like other monstrosities before it, the Dodd-Frank bill is birthed by the same blood sucking vampires in government who nearly killed the host in the housing bubbles and subsequent crashes of the CDO markets in 2008. Chris Dodd will be exiting stage right this year, but not before he gives the people of America one more kick in the groin on the way out. Barney Frank, whose escapades and bumbling are so well known that they need not even be discussed here has clearly and definitively proven himself not only incompetent when it comes to regulation or even basic economic understanding but also incredibly corrupt and connected to the people he is supposedly watching. Is this what is really needed to “fix” the markets, more intervention by the very people who engineered them to the brink of total collapse?