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Unhappy Anniversary: Dodd-Frank Hits the Terrible Twos
This week marks the second anniversary of the Dodd–Frank Wall Street Reform and Consumer Protection Act. There is nothing to celebrate. With every new rule concocted by one of the 11 federal agencies involved, the flaws of the statute and its injurious costs to consumers have become glaringly, painfully apparent. Congress should devote Year Three of Dodd–Frank to remedies. CONTINUE READING ABOUT DODD-FRANK'S WOES >> | ||||
Dodd-Frank: Dangerous Dead End
It’s been two years since President Obama signed the Wall Street-reform bill that has come to be known as Dodd-Frank. Has it succeeded in creating “safer and more modern rules of the road for the financial industry,” as Treasury Secretary Timothy F. Geithner claims? READ MORE ABOUT THE DODD-FRANK BUREAUCRATIC MESS >> | ||||
San Bernardino County's Loan Seizures Will Destroy Its Mortgage Market
The drive to force mortgage investors to refinance loans where the homeowner owes more than the house is currently worth (often know as underwater mortgages) is reaching absurd levels. In the latest example, California’s San Bernardino County is exploring using eminent domain to seize certain mortgages and require the investors that own them to accept refinancing that reduces the amount of the mortgage. CLICK HERE TO FIND OUT MORE >> | ||||
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