Free Republic

Seven years after its launch in 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act has done nothing for American taxpayers besides provide 2,300 pages of impulsive and deceiving legislation. This disaster of a law has unfairly blanketed our entire financial system with more than 400 overreaching and costly mandates. Dodd-Frank was another ploy thought up by the Democrat-controlled Congress that was signed into law by President Obama in 2010. This failure, at best, was a Band-Aid disguised as the most significant piece of financial legislation of its time following the Great Recession. While there are many who argue...

A Republican has joined Democrats in criticizing the inclusion of a partial repeal of the Dodd-Frank financial reform law in legislation funding the government. Sen. David Vitter (R-La.) signed on to a letter with Sen. Sherrod Brown (D-Ohio) that calls on congressional leaders to scrap portions of the $1.1 trillion "cromnibus" that relax restrictions on banks trading financial derivatives. The pair argued in the letter that there is "broad bipartisan support" for removing that particular language. Brown and Vitter, who have worked together in the past on bills to limit big banks, argued that the language was unfairly jammed into...

The saddest thing about a guy like Obama, as opposed to say, Bill Clinton, is that if you went forward in time and showed him all his mistakes, showed him an alternate vision-- one that's successful for the country-- he is such an ideologue that he would reject the advice out of hand. But still that doesn’t mean that I won’t share the five things Obama could do to turn the country and the economy around. Some of these are things anyone could do. OK, anyone but Obama: 1) Negotiate with Republicans on Obamacare—This signature piece of legislation is...

<p>WASHINGTON—All five regulatory agencies put to a vote and approved the Volcker rule on Tuesday, ushering in a new era of tough oversight that drills to the core of Wall Street's profitable markets and trading businesses.</p> <p>The rule will put in place new hurdles for banks that buy and sell securities on behalf of clients, known as market making, and will restrict compensation arrangements that encourage risky trading. The Fed also approved an extension to give banks until July 2015 to comply with the rule, though firms will be expected to make "good faith" efforts to get into compliance earlier.</p>