When politicians try to legislate from their hearts and secular religious beliefs, you are certain to get a hodgepodge of unintended consequences. The Dodd- Frank legislation of 2010, on which I’ve commented many times, is a perfect illustration.
One example I would like to point out because it’s happening before our eyes and it’s an event Dodd-Frank was supposed to prevent. Regulations are killing smaller banks, It’s tough enough for large banks to contend but the added costs of keeping up with regulations add to administrative costs and financial requirements that banks simply cannot afford.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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