June 30, 2010
The United States financial reform legislation that just passed through conference committee is just about the worst possible bill that could emerge. In its analysis, The Wall Street Journal concluded “perhaps the best summary is to hail Dodd-Frank as the crowning achievement of the Obama ‘reform’ method. In the name of responding to a crisis, the bill greatly increases the power of politicians and regulators without addressing the real causes of that crisis. It makes credit more expensive and punishes business without reducing the chances of a future panic or bailouts.”
Tagged as:
Free markets,
Regulation,
United States Congress
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