Most Americans are (understandably) focused on the unmitigated disaster otherwise known as Obamacare.
But there’s another moronic mess that’s equally (if not more) at fault
for holding back the economic recovery: The Dodd-Frank Wall Street
Reform and Consumer Protection Act.
As you know, a viable banking sector is vital if we want to see sustained economic recovery.
To quickly grow the economy, businesses need capital. So, two years after the great liquidity crisis of 2008, Congress passed the bill to fix the problems they had created.
But now, three years after Barack Obama signed the bill, 60% of the Dodd-Frank implementation rules still haven’t been written.
Surprising? Not at all… Embarrassing? Hell yes!
http://www.capitolhilldaily.com/2013/08/dodd-frank-fiasco/#more
As you know, a viable banking sector is vital if we want to see sustained economic recovery.
To quickly grow the economy, businesses need capital. So, two years after the great liquidity crisis of 2008, Congress passed the bill to fix the problems they had created.
But now, three years after Barack Obama signed the bill, 60% of the Dodd-Frank implementation rules still haven’t been written.
Surprising? Not at all… Embarrassing? Hell yes!
http://www.capitolhilldaily.com/2013/08/dodd-frank-fiasco/#more
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