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If the banks had any political protection, they would not be facing the huge costs and lost opportunities and bureaucratic control embodied in the ironically named Dodd-Frank bill.
The crowning achievement of Dodd-Frank is to deflect the blame for the mortgage meltdown away from....Chris Dodd and Barney Frank.
In an attempt to punish the villains (what, maybe five or a dozen of them?), Dodd-Frank places crushing new obligations on every bank in the country. Nice job, fellas. Punish the guilty, and ten thousand innocent bystanders.
Good grief. There is a whole lotta' stupid going on in this thread.
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Earth to Liberals:
