Senator Dodd’s Regulation Plan: 14 Fatal Flaws
Published on April 22, 2010 by James Gattuso
The Senate is expected to take up a proposal, originally authored by Senator Chris Dodd (D–CT), to reform the financial regulatory system in the U.S. The goal is clear: to minimize the chances that another financial crisis—and bailouts—will arise again.
The objective is a good one. Unfortunately, the 1,408-page bill includes numerous provisions that would hurt—not help—consumers and the economy. It would even make another financial crisis or bailout more likely to occur.... http://www.heritage.org/research/reports/2010/04/senator%20dodds%20regulation%20plan%2014%20fatal%20flaws
EDITORIAL: Big Brother loves 'financial reform'
Intrusive Office of Financial Research threatens civil liberties
By THE WASHINGTON TIMES
The next time you make a withdrawal from an automated teller machine, Treasury Secretary Timothy F. Geithner might be watching over your shoulder... http://www.washingtontimes.com/news/2010/apr/30/big-brother-loves-financial-reform/
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