Friday, October 28, 2016

Damage-Prone Dodd-Frank Rules

          
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.
                     
The Dodd-Frank Act has investors over a barrel in so many different ways, through onerous regulation. Yet, this type of damage can sometimes be as easy to make as it is for a baseball outfielder to occasionally flub the ball.
                     
While lawyers have gotten more advantages from all the new restrictions. Since one political party gets well over 90% of campaign funds from tort lawyers, guess why these messy tidbits are in the law? (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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