The Dodd-Frank Act and Job Reduction

                       

That certainly was not the function that Congress and the administration assigned to this bill in 2010. The administration said it wanted jobs, but that requires lots of blind hope.

Take bank regulation as only one illustration. And within that, look at just one bank, the Bank of America, which has announced layoffs of multi-thousands of  employees. All because of a loss of revenues dictated by only part of the many strait-jacket-type regulations.

Most of the Dodd-Frank regulations still haven’t been fully imposed. Great for a job recovery!!  (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)