Friday, April 7, 2017

The Dodd-Frank Law Was a Good One, Right?

After all, it was supposed to fix a lot of problems about banking and lending and such. Well, not so fast! It turns out that this law actually opened up a whole new door for corruption and abuse, at several levels.

To understand what I'm saying, it's best to use a few links to get some background about an issue that far too many Joe Sixpacks out there have no real understanding of just how much our politicians have been taking us to the cleaners. After going through these links, you'll get a general sense of what I'm getting at:

  1. Reckless Endangerment (Note who the co-author is for this book.)
  2. Makers and Takers (Wall Street, not Main Street, crafted reforms  with politicians in Congress after the Housing Market collapse.)
  3. Tucker Carlson interviews Josh Rosner (The whole show is recorded here, but the interview of Josh Rosner - as the page notes - begins @ the 35:50 mark. However, the prior interviews may also be of interest to you. Sorry, it's the only recording of this recent show I could find of this interview.)
  4. Prager U's latest video presentation on the Consumer Financial Protection Bureau (CFPB) I bet you, like me, have never heard of them before.
I don't know about you, but I get the clear impression that Joe Sixpack isn't who Wall Street and Congressional politicians are interested in benefiting!

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