Thursday, September 22, 2011

The Dodd-Frank Legislation

Politicians love power wherever and however they can get it. Unfortunately, this has become a habit in Washington. Especially when it creates a source of contributions to help finance campaigns to get out votes.

So, the Dodd-Frank legislation has investors over a barrel in so many different ways, through onerous regulation.

Yet, this type of error can sometimes be as easy to make as it is for a baseball outfielder to occasionally flub a fly ball.

And lawyers somehow have gotten more advantages from all these new restrictions. Since Democrats get well over 90% of the campaign funds from tort lawyers, guess why these tidbits are in the law passed by Congress? (See the Earl J Weinreb NewsHole® comments.)

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