Yes. End Dodd Frank.
Barney Frank covered his sorry arse with this law, blaming banks for a policy Frank demanded of them. It was his activity which required Banks to take sub sub prime mortgages and have them “insured”, bundled with prime mortgages.
Think about it, one could get a variable interest mortgage, $250,000 or less, without even submitting ones tax return.
Barney Frank owns that. The consumer law of Dodd Frank was designed to cover the complicity and downright fraud of Barney BJ Frank.
Frank did little genuine work, he was too busy operating a bend-over-boy hareem out of his Washington residence.
When Dodd -Frank is repealed, it is simply an act of taking out the trash.Kudos to those who accomplish its repeal.
>>>Think about it, one could get a variable interest mortgage, $250,000 or less, without even submitting ones tax return.
So you are saying you want to repeal the law that now requires banks to confirm a borrowers ability to pay and also requires them to retain a percentage of the risk when they package their loans into a security?
Who has ever read Dodd-Frank?
As bank auditor, I had to read it to ensure compliance and adherence to that sophomoric pile of garbage. The leftist contempt for the banking industry was oozing out of every paragraph.
I could not believe that I was actually reading a United States law.
Repeal that with extreme prejudice.