Mama Bin Cranky

Screaming on the Inside

Barney Frank and Chris Dodd Make New Financial Regulation Law

Posted by madjillmom on June 25, 2010

Oh, great. The same people who let Fannie and Freddie become the largest tax payer drains are now giving us another 2000 page bill on financial regulation. Even they say that they do not know how it will work until it is in place. Another law filled with intended and unintended consequences. Both will bite us on the ass. Plus, Dodd and Frank didn’t see fit to rain in the losses from Fannie and Freddie again. Another economy killer. Yea!! Obama was up and out early touting the bill that he will of course sign asap. Wonder if anyone read it?

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