Hard to imagine but the Dodd-Frank financial regulation overhaul may just turn out to be a worse piece of legislation that even Obamacare. When President Obama signed Dodd-Frank he made the following promise: “The American people will never again be asked to foot the bill for Wall Street’s mistakes.”
This has proven to be completely false. In fact, the America people are footing the bill for the administration’s mistakes. How about ATM fees going up to $5? Thank you Dodd-Frank.
How about a new bureaucracy that doesn’t have to go through Congressional oversight and a financial regulations czar who answers to no one? Thank you Dodd-Frank.