Quote:
Originally Posted by cabo35
"Nuff said?" Why would you want to stifle informative dialogue based on Barney Frank's personality? Maybe its just me, but posters have a wealth of knowledge in this area and I for one would like to learn more from their perspective and first hand experience.
VK - thanks for the informed response. You've made it interesting in straight forward terms. I hope you follow-up even more as Dodd-Frank will be an issue in the coming elections. How did Dodd-Frank impact the equation?
ijusluvit - what looks so good about D-F from your perspective?
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Here's what appears to be an objective summary of the whole bill:
http://banking.senate.gov/public/_fi...mary_Final.pdf
I see the following as positive elements: the Consumer Financial Protection Bureau, some of the banking regs, first time hedge fund and executive compensation regs, and parts of the mortgage regs. I don't have enough background knowledge to judge some of the other provisions. Nor do I know enough to judge any of the other provisions as counterproductive, or 'abominable'.
Of course, 'the devil's in the details'. The benefits derived from regs like these may not fully materialize without persistent, long term effort by Congress and the President to make them work. One problem now, for example, is the Republican Senate opposition bloc of any nominee to head the Consumer BPB. Their opposition stems from the fear that the bureau head would have too much power. (to champion consumer causes).
I still can't understand vk's reasons for an entirely negative view.