The new, ironically named Dodd-Frank legislation will help see to it that small banks in the U. S. will eventually wither and disappear as a financial factor. They simply will no longer be able to compete with the big banks. To the detriment of the banking consumer.
Leave it to this administration and the Democrat-led Congress to issue a bill that purportedly is designed to resolve the ills of a banking system, by naming it for the two politicians to helped foment those fundamental ills in the first place.
I will have more to say about this new legislation, a paean to crony or state capitalism. A form of government under the Obama administration. which has more characteristics with that of the economy of Benito Mussolini’s state capitalist Italy, than it ought to, in the U. S. today.
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